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West Virginia Realty Network - WVRN.COM
Mortgage Loan Calculator
 
Purchase Price:    Example: 40000.00
Down Payment Percent:    Example: 10 = 10%
Annual Rate:    Example: 5 = 5%
Term in Years:     Example: 30
 
   

You said the house price is $1.00.

With a down payment of 1.0%, or $0.01 and an annual interest rate of 1.0%, a 1.0 year, fixed rate mortgage will result in a payment of about $0.45 per month.

Note that this monthly payment does not include real estate taxes, homeowners insurance, or mortgage insurance.

With a variable rate mortgage, the monthly payment can change as the rate changes (usually annually, but not necessarily).

Mortgage Payment Schedule
Schedule of Payments for a Loan of $0.99 at 1.0% Repaid Over 1.0 Years
Remaining Principal Principal Paid Interest Paid
$0.99 $0.45 $0.00
  _________ _________
  $0.45 $0.00
 
All dollar amounts are rounded to the nearest cent. Summing the rounded amounts in a given column will not necessarily give you the total shown at the bottom.

This calculator is provided to give you an estimate of the payment and terms of a loan program or product. It is intended as a tool to use for estimating and is not guaranteed to provide the exact results that you may see with a particular product or plan, nor is it guaranteed to provide an accurate rate as required by truth-in-lending regulations. Results obtained with this calculator should be discussed with a qualified professional before any product purchases or loan commitments are made. Any loans made as a result of product inquiries to this institution are subject to credit, property, and/or collateral approval as well as other terms and conditions that may not be mentioned on this page.
West Virginia Realty Network - WVRN.COM
West Virginia Realty Network - WVRN.COM