Explanation of Query Fields: Principal Loan Balance is the total price for the house you wish to buy minus the amount of the down payment you will pay directly to Price minus the Down Payment. Interest Rate of Mortgage is the interest rate the bank charges you for your loan. In this calculator you do NOT have to include the % symbol. Number of Years of Mortgage is the number of years (usually 15 or 30) that your mortgage will last. Starting Month and Year is the date you will begin payment of your mortgage. Show full amortization table allows you to choose to display principal and interest paid and ending balance for every month of the loan (full table) or every year of the loan. Display Using HTML 3.0 Tables will be easier to read than Plain Text.
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