
You said the house price is $1.00.

With a down payment of 1.0%, or $0.01 and an annual interest rate of 1.0%, a 1.0 year, fixed rate mortgage will result in a payment of about $0.45 per month.

Note that this monthly payment does not include real estate taxes, homeowners insurance, or mortgage insurance.

With a variable rate mortgage, the monthly payment can change as the rate changes (usually annually, but not necessarily).

Mortgage Payment Schedule 
Schedule of Payments for a Loan of $0.99 at 1.0% Repaid Over 1.0 Years 
Remaining Principal 
Principal Paid 
Interest Paid 
$0.99 
$0.45 
$0.00 

_________ 
_________ 

$0.45 
$0.00 

All dollar amounts are rounded to the nearest cent. Summing the rounded amounts in a given column will not necessarily give you the total shown at the bottom. 

This calculator is provided to give you an estimate of the payment and terms of a loan program or product. It is intended as a tool to use for estimating and is not guaranteed to provide the exact results that you may see with a particular product or plan, nor is it guaranteed to provide an accurate rate as required by truthinlending regulations. Results obtained with this calculator should be discussed with a qualified professional before any product purchases or loan commitments are made. Any loans made as a result of product inquiries to this institution are subject to credit, property, and/or collateral approval as well as other terms and conditions that may not be mentioned on this page.
