Colonial Real Estate, Inc. 953 Dolly Parton Pkwy Sevierville, TN 37862 Toll Free: 800-336-1899 Local: 865-453-3333 Email Us Colonial Commercial 963 Dolly Paron Pkwy Sevierville, TN 37862 Toll Free: 800-371-1078 Local: 865-365-0456 Email Us       Mortgage Calculator & Amortization Schedule  Loan Date =   Sales Price ($) =  Interest Rate (%) =   Amortization (years) =  Term (years)* =   Down Payment (%) =  *Set the Term to fewer years for a balloon payment Check here to include an Amortization Schedule  Instructions  Loan Date: The starting date of the loan.  Sales Price: The sales price of the property. Or, if you set the "Down Payment" to zero, the actual loan amount.  Interest Rate: The annual interest rate of the loan.  Amortization (years): The number of years over which the interest of the loan is calculated.  Term (years): The actual length of the loan. Must be equal to or less than the "Amortizaton Years". Setting this to a smaller number of years than the "Amortization Years" will allow you to calculate a balloon payment type of loan.  Down Payment: If you know the actual loan amount you can set this to zero. In that case, the "Sales Price" will be used as the actual loan amount.