Since the loan calculation is not trivial, SallyKwan.com provides you the information about and formula for calculating mortgage. You can use the formula we provide to find out how much you need to pay monthly. For your convenience, we also have an online calculator that you can use quickly and easily.
   
Use this calculator to see how much you may be eligible to borrow:

Instructions

1. Please empty the entry that you want to calculate for and enter all the other entries.

2. Then click the "Calculate" button to find out the result.
Home Equity Calculator
  Interest Compounded  
I Current Interest Rate   %
P Principal
(Initial amount of the loan) 		$
Y Number of Years  
Pmt Monthly payment $
       
       
       
 
Disclaimer: The accuracy of the results is not guaranteed and its applicability to your circumstances. You should obtain personal advice from qualified professionals.

The results may contain statements and statistics that have been obtained from sources believed to be reliable, (including, but not limited to, information originated by Interest.com, licensed by Interest.com from information providers, or gathered by Interest.com from publicly available sources), but are not guaranteed as to accuracy, completeness, timeliness, or correct sequencing.