First Bank of Charleston First Bank of Charleston First Bank of Charleston
First Bank of Charleston First Bank of Charleston First Bank of Charleston
First Bank of Charleston   First Bank of Charleston
Mortgage Loan Calculator
 
Purchase Price:    Example: 40000.00
Down Payment Percent:    Example: 10 = 10%
Annual Rate:    Example: 5 = 5%
Term in Years:     Example: 30
 
   

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.

Equal Housing LenderThis 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 truth-in-lending 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.
 
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