This is a simple calculator for mortgage payment based on the purchasing price of the property, length and interest rate of the mortgage, and the amount of down payment. The payment is calculated for down payment of 5%, 10%, 15% and 20% of the purchasing prices respectively.
To use this calculator, please input the value of the property you intended to purchase (mostly it
is the purchase price), the length of mortgage in years, and the annual morgage rate (please enter a
rate between 2% and 20%). Then press "Calculate". If you want to make a new calculation, press
"Reset" before entering all the information. The results are rounded to the nearest dollar.