Just enter a loan amount or the purchase price of your property and other details such as the interest rate and the term of the loan and press the “Calculate” button.

The calculator will instantly calculate the loan and mortgage repayment requirements in a table and chart your loan visually.

In the example above, we used these loan specifications:

• Loan Amount: $150,000
• Loan Term: 15 Years
• Interest Rate: 5.5%
• First Payment Date: July 2009

Free Mortgage Loan Calculator – To use the free calculator for mortgage loans, click on the “mortgage” tab on the top (next to the “loan” tab). Here’s an example mortgage loan:

• Purchase Price: $250,000
• Down Payment: 10% ($25,000)
• Mortgage Term: 30 years
• Interest Rate: 5.5%
• Property Tax: $3,000 per year
• Property Insurance: $1,500 per year
• PMI: 0.52%
• First Payment Date: July 2009

Now, try this free online calculator for your loans and mortgages yourself and feel free to share any comments below.