Things to keep in mind:

 

  • Principal Amount of Loan - Enter the beginning balance of the loan. For mortgage loans, this is usually determined by adding the home purchase price and closing costs, then deducting the down payment.
  • Annual Interest Rate - This calculator requires an interest rate between 1.0% and 50%. You may enter any increments above 1.0% -- for instance, 8.125% would be valid to enter.
  • Term of Loan - Must be at least 1 year. Enter increments of whole years using a decimal point. For instance, you would enter 1 ½ years as 1.5 years.
  • Monthly Loan Payment will be calculated after you enter information and click on the "Calculate" button.
REMINDER:
If this is a mortgage loan, the monthly payment does NOT include an amount for property taxes and/or insurance.

 

PK Construction Inc.     |     5919 53rd Avenue South     |     Fargo, ND 58104 

(office) 701-356-4001    (fax) 701-356-4002

PKConstruction- Proud Member of Home Builders Assn. Fargo-Moorhead     

Licensed in North Dakota and Minnesota