Untitled Document

			One of the most important considerations when buying, or building a new home, is "How much is this going to cost?" and "Can I afford it?" The following Mortgage Calculator will allow you to find out how much your monthly payment will be.
	Input: (do not include any $ signs, or commas; please add decimal sign for interest rate; change amounts as needed)		Results:
	Loan Amount
	Loan Length		Monthly Principal + Interest
	Interest Rate		Monthly Tax
	Annual Tax		Monthly Insurance
	Annual Insurance
			Total Payment

	Please note: to calculate the amount to put in the "Annual Tax" field, use the following formula: Base price of home, divided by 2, multiply by the area millage rate = Annual Tax Example: If you were purchasing a home valued at $200,000 $200,000/2 = $100,000 x .0227615 = $2276 Annual Tax


	Please note: all computations are intended to be estimates and, in no way, reflect the actual payment or tax liability. Consult local governing authority for actual millage rate at time of purchase.