How to use this calculator.... Enter values by tabbing between fields. You can change all, some or none of the default values before pressing the Calculate button. Adjust the Sale Price, Percent Down etc.,. fields and recalculate to see what different scenarios will cost or save you on a monthly and annual basis.

Sale Price of Home: The price which you anticipate paying for your home.
Percent (%) or $ Amount Down: Home purchasers typically put between 10 and 20 % down on a home purchase. To enter a dollar amount instead of a percentage, enter the dollar amount and then select the second button by clicking in it.
Term of Loan: A home loan is typically given for a period of years such as 30.
Interest Rate: The interest rate you anticipate contracting for when you take out your home loan.