Payment Per Thousand Calculator

 
Financial Analysis (Switch to Plain English)
Total Closing Costs $3,700.00
Total Monthly Payments $483,139.46
Total Cost of Loan $486,839.46
Monthly Payment per Thousand $5.41
Annual Payment per Thousand $64.91
Lifetime Payment per Thousand $1,947.36
Step 1: Understand Calculator In Plain English (Show Financial Analysis)

When taking out a mortgage loan, you might be interested in knowing how much money you are actually paying for every thousand dollars you borrow. The amount you pay for every thousand dollars will change depending upon the total amount of your loan.

Letĺs say you borrow $250,000.00 on a 30 year loan at 5.000% interest. With this amount being borrowed, you would pay a total of $486,839.46 for the loan. This means you will pay $5.41 each month for every thousand dollars borrowed. Every year, you would pay $64.91 per thousand dollars financed. Throughout the life of the loan, this would mean you have spent $1,947.36 for every thousand dollars.

Step 2: Input Your Calculations Below
Loan Information
Amount : ($)
Interest Rate : (%)
Length : (Years)
Additional Information
Points : (%)
Origination Fees : (%)
Closing Costs : ($)
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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or it's applicability to your financial situation. Please consult your own financial advisor.

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