Monthly Payments & Schedule - Mortgage Calculator: Real Estate Resources for Corona, Norco, Riverside and Chino Hills, California Provided by Jesse Ramirez

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Monthly Payments & Schedule

Use this calculator to generate an amortization schedule for your current mortgage. Quickly see how much interest you will pay and your principal balances. You can even determine the impact of any principal prepayments! Press the "View Report" button for a full yearly or monthly amortization schedule.

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Definitions

Mortgage amount: Original or expected balance for your mortgage.
Interest rate: Annual interest rate for this mortgage.
Term in years: The number of years over which you will repay this loan. The most common mortgage terms are 15 years and 30 years.
Monthly payment: Monthly principal and interest payment (PI).
Total payments: Total of all monthly payments over the full term of the mortgage. This total payment amount assumes that there are no prepayments of principal.
Total interest: Total of all interest paid over the full term of the mortgage. This total interest amount assumes that there are no prepayments of principal.
Prepayment type: The frequency of prepayment. The options are: none, monthly, yearly, and one-time payment.
Prepayment amount: Amount that will be prepaid on your mortgage. This amount will be applied to the mortgage principal balance, based on the prepayment type.
Start with payment: This is the payment number that you prepayments will begin with. For a one time payment, this is the payment number that the single prepayment will be included in. All prepayments of principal are assumed to be received by your lender in time to be included in the following month's interest calculation. If you choose to prepay with a one-time payment for payment number ZERO, the prepayment is assume to happen before the first payment of the loan.
Savings: Total amount of interest you will save by prepaying your mortgage.

The mortgage calculators are provided by KJE Computer Solutions, LLC and made available to NUMBER1EXPERT as self-help tools for your independent use and are not intended to provide investment advice. We can't guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.

Buyers Remorse >Dream Versus Reality

When you decide to buy a home, you may feel resistance to fulfilling the many practical requirements that are necessary to turn your dream into a reality. An important part of a professional real estate agent's job is to help you overcome such resistance.

You will need to handle a multitude of details when purchasing a property. There are numerous deadlines that require a timely response. Home purchases come with a lot of paperwork, such as the financial statement and purchase agreement. Negotiations with the seller are a standard part of the process. All of these practical "realities" can seem overwhelming.

You may experience a startling range of emotions at each step of the way, from mild anxiety to full-blown "buyer's remorse". It helps to remember that everyone who has purchased a home has probably experienced similar feelings. Just take a deep breath and trust your real estate agent, who is trained to help you deal with the pressures of the home-buying process.

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Q	What is the most expensive piece of property ever recorded?
A	In October 1988, the Mediya Building in central Tokyo was quoted at 358.5 million yen ($248,000) per square foot.
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Jesse Ramirez, REALTOR®, real estate agent and broker for Corona, Norco, Riverside and Chino Hills, California home listings, property and land for sale - NUMBER1EXPERT

Jesse Ramirez
RE/MAX Partners Real Estate
390 McKinley Street Suite 106
Corona, CA. 92879
Direct: (951) 522-2216
Fax: (951) 278-4439
Broker Lic#: 01249455
Email: remaxjesse@gmail.com
Jesse has lived in the area over 35 years. As a former police officer, he has knowledge and expertise that benefits you. Jesse can understand and relate to your wants and desires! He dedicates himself to serve all your real estate needs. Call or e-mail Jesse Today! 951-522-2216