Quick Payment Calculator
(Fill in only the blue shaded boxes) Purchase Price or Appraised Value Equity / Down Payment Percentage Total Financed First Mortgage Loan to Value First Mortgage Loan Amount First Mortgage Interest Rate First Mortgage Amortization (yrs) First Mortgage Payment Is Mortgage Insurance (MI) Required? Monthly Payment with MI Second Mortgage Loan Amount Second Mortgage Interest Rate Second Mortgage Amortization (yrs) Second Mortgage Payment Total Combined Mortgage Payments Blended Interest Rate
(accurate for term of shortest loan)
$10,000 0% $10,000 80% $8,000 4.15% 30 Yes $2,000 7.85% 30 $14.47 $53.35 4.89% $38.89 $0.00 $38.89
$38.89 $0.00 $38.89
$14.47 $53.35