Using the Payment Calculator
Learn how to use our payment calculator to estimate monthly payments and compare financing options.
Our payment calculator is one of the most powerful tools on the platform for both buyers and sellers.
What the Calculator Shows
Enter a purchase price, down payment, interest rate, and loan term to instantly see: - Monthly payment amount - Total interest paid over the life of the loan - Amortization breakdown
How Buyers Use It
Before making an offer, use the calculator to confirm you can afford the monthly payments. Try different down payment amounts to see how they affect your payment. Compare two different properties side by side.
How Sellers Use It
When setting your terms, use the calculator to show potential buyers what their monthly payment would be. A clear, affordable payment number can be a powerful sales tool.
Understanding the Numbers
Total interest paid can be significant on long loans. A $200,000 loan at 7% for 30 years results in over $279,000 in interest. Encouraging buyers to make larger down payments or choose shorter terms reduces this significantly.