Mortgage & Loan Payment Calculator
Mortgage calculators are automated tools that enable users to determine the financial implications of changes in one or more variables in a mortgage financing arrangement. Mortgage calculators are used by consumers to determine monthly repayments, and by mortgage providers to determine the financial suitability of a home loan applicant.[1]
The major variables in a mortgage calculation include loan principal, balance, periodic compound interest rate, number of payments per year, total number of payments and the regular payment amount. More complex calculators can take into account other costs associated with a mortgage, such as local and state taxes, and insurance.[2]
Mortgage calculation capabilities can be found on financial handheld calculators such as the HP-12C or Texas Instruments TI BA II Plus. There are also multiple free online free mortgage calculators, and software programs offering financial and mortgage calculations.
An amortization calculator is used to determine the periodic payment amount due on a loan (typically a mortgage), based on the amortization process.
The amortization repayment model factors varying amounts of both interest and principal into every installment, though the total amount of each payment is the same.
An amortization schedule calculator is often used to adjust the loan amount until the monthly payments will fit comfortably into budget, and can vary the interest rate to see the difference a better rate might make in the kind of home or car one can afford. An amortization calculator can also reveal the exact dollar amount that goes towards interest and the exact dollar amount that goes towards principal out of each individual payment. The amortization schedule is a table delineating these figures across the duration of the loan in chronological order.
San Carlos Park
San Carlos Park is a census-designated place (CDP) in Lee County, Florida, United States. The population was 16,317 at the 2000 census. It is part of the Cape Coral-Fort Myers, Florida Metropolitan Statistical Area.
San Carlos Park is located at 26°28′28″N 81°48′56″W (26.474458, -81.815467).[3]
According to the United States Census Bureau, the CDP has a total area of 5.1 square miles (13 km2), of which 4.9 square miles (13 km2) is land and 0.2 square miles (0.52 km2) (4.15%) is water.
As of the census[1] of 2000, there were 16,317 people, 5,901 households, and 4,449 families residing in the CDP. The population density was 3,360.5 people per square mile (1,296.3/km²). There were 6,580 housing units at an average density of 1,355.2/sq mi (522.7/km²). The racial makeup of the CDP was 93.84% White, 1.26% African American, 0.34% Native American, 0.70% Asian, 0.01% Pacific Islander, 2.31% from other races, and 1.54% from two or more races. Hispanic or Latino of any race were 8.14% of the population.