Loan Calculator – SmartCalc Tools

Interactive Loan Calculator

Home Price ($): Down Payment (%): 20% Or Custom Down Payment ($): Builder / Seller Incentive ($): Interest Rate (%): 5% Loan Term (Years): Closing Costs (% of Loan): 2% Or Custom Closing Costs ($): Insurance ($/month): Property Tax (% per year):

Month	Payment ($)	Principal ($)	Interest ($)	Balance ($)

What is a Loan Calculator?

A loan calculator helps you estimate your monthly payments, total interest, and loan balance over time. By entering details such as home price, down payment, interest rate, and loan term, you can instantly see how different scenarios affect your finances.

Why Use This Tool?

Plan Ahead: Compare different down payments, loan terms, and interest rates before committing.
Visual Insights: Interactive charts and an amortization table make it easy to understand your repayment journey.
Custom Options: Add insurance, property taxes, or closing costs to get a realistic monthly estimate.

Limitations

This calculator provides an estimate for educational purposes only. Actual loan terms, fees, and approval depend on your lender. Always consult with a licensed financial advisor or mortgage specialist for personalized guidance.