Using the Mortgage Calculator By selecting the Mortgage Calculator icon from the toolbar, you can quickly enter the loan amount, number of months, and interest rate to calculate a monthly mortgage payment. You can also calculate Hazard Insurance, Taxes, Mortgage Insurance and other pertinent monthly payments. The amounts can then be pasted into the correct fields. While on the form, click on the appropriate field, then on the Mortgage Calculator, click on the Paste icon to the right of the calculated field and it will populate the appropriate field.
When figuring Monthly Expenses, you are able to enter the yearly figure followed by “/” which will convert the total into a monthly expense. You are also able to enter a number (a percentage rate) followed by “%” which will calculate the percentage of the loan amount.
