The name of this calculator is some what of a misnomer. You can use this calculator to calculate any loan where the downpayment is expressed as a percentage of the purchase price. If you want a calculator that calculates loan details where the downpayment is express in dollars, then use the auto loan calculator. Unlike our general loan or simple loan calculators, this calculator will allow you to have more than one unknown value in certain cases. To indicate an unknown value, enter '0' (zero). You can enter the price of the real estate, the down payment percent you need, the total number of periods you want the loan for and the interest rate. When you click on 'Calc', the amount of the loan and the monthly payment will be calculated. If you enter the loan amount and 0 for the down payment percentage, then the calculator will calculate the percentage your down payment needs to be. If you enter 0 for the price, a down payment percentage, 0 for the amount of loan, the total periods, the interest rate and the payment you can afford, the calculator will calculate the amount of the loan and the price you can afford to pay for the real estate.

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