PitiCalc 2
PitiCalc (Principal Interest Taxes Insurance Calculator) will calculate an estimated monthly payment for auto, conventional, FHA and VA loans.
Instructions
- Select the loan type (Auto, Conv, FHA, VA).
- Enter the price (in dollars).
- Enter the number of payments, in months. Optionally, enter the number of years and click the Years button. This will convert the years to months.
- Enter the interest rate. For example, 3.5.
- Enter the yearly, estimated insurance amount (optional - mortgage calculations only).
- Enter the down payment (In dollars). Optionally, enter a percentage of the price and click the % button. The dollar amount will be calculated.
- Enter the taxes (in dollars). Optionally, enter a percentage of the price and click the % button. The dollar amount will be calculated.
- For VA loans, select the type of duty, active or reserve / National Guard. Also select if this is the first or subsequent time you will get a VA loan.
The loan results will be automatically calculated and updated as you enter or change each data value. The dat values are maintained when you select a different loan type so it ie easy to compare the differences between loan types.
