Loan and Mortgage Calculators

Loan and Mortgage Calcuators: Web-based loan and mortgage calculators can help you figure out: a) how much you can afford to borrow when you estimate the maximum monthly mortgage cost you can take on over a given period of time or b) how much your monthly payments (mortgage) will be based on the size of the loan, interest rate and length of term. When using these calcuators, keep in mind that you will also have other monthly expenses that might go up after a facility acquisition, renovation, or expansion, such as property taxes, or increased insurance or utility costs. The following are three websites that have good loan or mortgage calculators:

• http://www.cccif.org/loancalculator.htm
• http://asbdc.ualr.edu/scripts/loan/