How much is my monthly payment for a 5 percent loan?
Calculate a car or home loan payment. Use the calculator to input new amounts. The down payment is set at 20% for a 5% mortgage but change any of the inputs to see the new results. See different interest rates below.
5 APR. Calculate a 5 percent loan. Make sure to add taxes,
maintenance, PMI, insurance, and other expected expenses. Consider a refinance
if rates are much lower than your current APR. Speak with a mortgage broker
and make sure to get several quotes. The most common loan length is a 30 year fixed
mortgage, but some people opt for an ARM or a 15 year mortgage.