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Solon State Bank
Mortgage Calculator

This calculator is to be used for estimation purposes only. 

  • Principal Loan Balance
  • Interest Rate
  • Amortization Length (Years, typically 30 or 15)
  • Starting: Month = Year =
  • Show full amortization table?
  • Pre-payment method:
  • Monthly/Annually/One-Time Principal Prepayment Amount
  • One-Time Prepayment to be paid after payment (month #)
  • Display Using

Explanation of Query Fields:

Principal Loan Balance
is the total price for the house you wish to buy minus the amount of the down payment you will pay directly to Price minus the Down Payment.

Interest Rate of Mortgage is the interest rate the bank charges you for your loan. In this calculator you do NOT have to include the % symbol.

Number of Years of Mortgage is the number of years (usually 15 or 30) that your mortgage will last.

Starting Month and Year is the date you will begin payment of your mortgage.

Show full amortization table allows you to choose to display principal and interest paid and ending balance for every month of the loan (full table) or every year of the loan.

Display Using HTML 3.0 Tables will be easier to read than Plain Text.

Main Bank
126 S. Market Street
P.O. Box 129
Solon, Iowa 52333
Phone: (319) 624-3405
Fax: (319) 624-3407
Banking Hours
Tiffin Branch
444 E. State Street
P.O. Box 440
Tiffin, Iowa 52340
Phone: (319) 545-2226
Fax: (319) 545-1507
Banking Hours
Ely Branch
1540 State Street
P.O. Box 166
Ely, Iowa 52227
Phone: (319) 848-4181
Fax: (319) 848-7433
Banking Hours
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Equal Housing Lender