Thinking of selling your current home and down sizing? Use this calculator to estimate your new payments if you use financing to purchase your retirement home. Enter values for the Loan Amount, Number of Months for Loan (30 years = 360 months), and the Interest Rate (e.g. 7.25), and click the Calculate button. Clicking the Reset button will clear entered values.
| Description | Data Entry |
|---|---|
| Loan Amount | |
| Loan Length in Months | |
| Interest Rate | |
| Monthly Payment | Calculated |