The result of this Mortgage Loan Calculator is for comparison purposes only. It will be a close approximation of the actual loan repayments if available at the terms entered, from a financial institution. This Calculator is being provided to enable you to determine which house is most affordable for you. To use, enter the values for the Loan Amount, Number of Months for the Loan, and the Interest Rate (e.g. 7.25), and click the Calculate button. Clicking the Reset button will clear entered values.