TO INSTRUCTIONS

TO ESTIMATOR FORM

This estimator performs two functions:
1. It will generate values for a monthly payment, the total interest paid and total payments made, over the life of a given mortgage.
2. It will also generate an amortization table for the values entered. The calculations are for a fixed rate mortgage.

This estimator is believed to be accurate, but is only intended to generate approximate results.

Note on Privacy:
This estimator is written in Javascript. All calculations are performed locally by your computer's processor. No part of the results of this page are transmitted beyond your computer.

Operation:
Enter the Full Sale Price, Percent Down, Interest Rate, and Number of Payments, then either click on the CALCULATE or AMORTIZE button. 

The UPDATE CALCULATIONS button, will complete the fields on this page with the Total Interest Paid and Total Payments Made for the life of a mortgage.

The FORMAT AND VIEW AMORTIZATION TABLE button will generate an Amortization Table for the mortgage values entered in a NEW window. To return to this page from the Amortization Table close the window with the formated view of the report.

TO AVOID ERROR MESSAGES AND MISLEADING RESULTS:
Enter NUMBER and DECIMAL characters only. Do not enter " $ ", " , " or " % " characters. (Example: For a $100,000 home, enter 100000 or for 7.5% enter 7.5 or .075 )

To assure accurate results, this javascript evaluates your entry when you attempt to move the cursor position from the text box after making a change, by either clicking the mouse or pressing the tab key. After establishing your entry as valid, the javascript will update all calculations possible and will then reselect the text box with your new entry. You can then enter a new value or move to the next field.

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Patricia R. Longfellow, Washington State Licensed Real Estate Agent:
509 773-2212 | fax: 509 773-2234 | getreal@gorge.net