Home Equity Loan product from Sandy Spring Bank - Amortization Schedule Calculator

Use the calculator below to calculate your monthly home equity payment for the loan from Sandy Spring Bank. You can adjust loan amount, interest rate, and the home equity term to view the impact on the monthly payment amount. The calculator also provides an amortization table to show the amount of principal and interest payments a borrower will make over the life of the loan.

Home Equity product from Sandy Spring Bank

Product Total Termlength: 10 Years
Interest Rate: 8.04%

Monthly Payment: $ 3,889.25

Date	Principal Balance^?	Monthly Payment^?	Interest^?	Monthly Amortization^?
05/18/2024	$318,254.75	$3,889.25	$2,144.00	$1,745.25
06/18/2024	$316,497.81	$3,889.25	$2,132.31	$1,756.94
07/18/2024	$314,729.09	$3,889.25	$2,120.54	$1,768.71
08/18/2024	$312,948.53	$3,889.25	$2,108.68	$1,780.56
09/18/2024	$311,156.03	$3,889.25	$2,096.76	$1,792.49
10/18/2024	$309,351.53	$3,889.25	$2,084.75	$1,804.50
11/18/2024	$307,534.93	$3,889.25	$2,072.66	$1,816.59
12/18/2024	$305,706.17	$3,889.25	$2,060.48	$1,828.77
01/18/2025	$303,865.15	$3,889.25	$2,048.23	$1,841.02
02/18/2025	$302,011.80	$3,889.25	$2,035.90	$1,853.35
03/18/2025	$300,146.03	$3,889.25	$2,023.48	$1,865.77
04/18/2025	$298,267.75	$3,889.25	$2,010.98	$1,878.27
05/18/2025	$296,376.90	$3,889.25	$1,998.39	$1,890.86
06/18/2025	$294,473.37	$3,889.25	$1,985.73	$1,903.52
07/18/2025	$292,557.10	$3,889.25	$1,972.97	$1,916.28
08/18/2025	$290,627.98	$3,889.25	$1,960.13	$1,929.12
09/18/2025	$288,685.94	$3,889.25	$1,947.21	$1,942.04
10/18/2025	$286,730.88	$3,889.25	$1,934.20	$1,955.05
11/18/2025	$284,762.73	$3,889.25	$1,921.10	$1,968.15
12/18/2025	$282,781.39	$3,889.25	$1,907.91	$1,981.34
01/18/2026	$280,786.77	$3,889.25	$1,894.64	$1,994.61
02/18/2026	$278,778.80	$3,889.25	$1,881.27	$2,007.98
03/18/2026	$276,757.36	$3,889.25	$1,867.82	$2,021.43
04/18/2026	$274,722.39	$3,889.25	$1,854.27	$2,034.98
05/18/2026	$272,673.78	$3,889.25	$1,840.64	$2,048.61
06/18/2026	$270,611.44	$3,889.25	$1,826.91	$2,062.34
07/18/2026	$268,535.29	$3,889.25	$1,813.10	$2,076.15
08/18/2026	$266,445.23	$3,889.25	$1,799.19	$2,090.06
09/18/2026	$264,341.16	$3,889.25	$1,785.18	$2,104.07
10/18/2026	$262,223.00	$3,889.25	$1,771.09	$2,118.16
11/18/2026	$260,090.64	$3,889.25	$1,756.89	$2,132.36
12/18/2026	$257,944.00	$3,889.25	$1,742.61	$2,146.64
01/18/2027	$255,782.97	$3,889.25	$1,728.22	$2,161.03
02/18/2027	$253,607.47	$3,889.25	$1,713.75	$2,175.50
03/18/2027	$251,417.39	$3,889.25	$1,699.17	$2,190.08
04/18/2027	$249,212.63	$3,889.25	$1,684.50	$2,204.75
05/18/2027	$246,993.11	$3,889.25	$1,669.72	$2,219.53
06/18/2027	$244,758.71	$3,889.25	$1,654.85	$2,234.40
07/18/2027	$242,509.35	$3,889.25	$1,639.88	$2,249.37
08/18/2027	$240,244.91	$3,889.25	$1,624.81	$2,264.44
09/18/2027	$237,965.30	$3,889.25	$1,609.64	$2,279.61
10/18/2027	$235,670.42	$3,889.25	$1,594.37	$2,294.88
11/18/2027	$233,360.16	$3,889.25	$1,578.99	$2,310.26
12/18/2027	$231,034.42	$3,889.25	$1,563.51	$2,325.74
01/18/2028	$228,693.10	$3,889.25	$1,547.93	$2,341.32
02/18/2028	$226,336.10	$3,889.25	$1,532.24	$2,357.01
03/18/2028	$223,963.30	$3,889.25	$1,516.45	$2,372.80
04/18/2028	$221,574.60	$3,889.25	$1,500.55	$2,388.70
05/18/2028	$219,169.90	$3,889.25	$1,484.55	$2,404.70
06/18/2028	$216,749.09	$3,889.25	$1,468.44	$2,420.81
07/18/2028	$214,312.06	$3,889.25	$1,452.22	$2,437.03
08/18/2028	$211,858.70	$3,889.25	$1,435.89	$2,453.36
09/18/2028	$209,388.91	$3,889.25	$1,419.45	$2,469.80
10/18/2028	$206,902.56	$3,889.25	$1,402.91	$2,486.34
11/18/2028	$204,399.56	$3,889.25	$1,386.25	$2,503.00
12/18/2028	$201,879.79	$3,889.25	$1,369.48	$2,519.77
01/18/2029	$199,343.13	$3,889.25	$1,352.59	$2,536.66
02/18/2029	$196,789.48	$3,889.25	$1,335.60	$2,553.65
03/18/2029	$194,218.72	$3,889.25	$1,318.49	$2,570.76
04/18/2029	$191,630.74	$3,889.25	$1,301.27	$2,587.98
05/18/2029	$189,025.41	$3,889.25	$1,283.93	$2,605.32
06/18/2029	$186,402.63	$3,889.25	$1,266.47	$2,622.78
07/18/2029	$183,762.28	$3,889.25	$1,248.90	$2,640.35
08/18/2029	$181,104.24	$3,889.25	$1,231.21	$2,658.04
09/18/2029	$178,428.39	$3,889.25	$1,213.40	$2,675.85
10/18/2029	$175,734.61	$3,889.25	$1,195.47	$2,693.78
11/18/2029	$173,022.78	$3,889.25	$1,177.42	$2,711.83
12/18/2029	$170,292.78	$3,889.25	$1,159.25	$2,730.00
01/18/2030	$167,544.49	$3,889.25	$1,140.96	$2,748.29
02/18/2030	$164,777.79	$3,889.25	$1,122.55	$2,766.70
03/18/2030	$161,992.55	$3,889.25	$1,104.01	$2,785.24
04/18/2030	$159,188.65	$3,889.25	$1,085.35	$2,803.90
05/18/2030	$156,365.97	$3,889.25	$1,066.56	$2,822.69
06/18/2030	$153,524.37	$3,889.25	$1,047.65	$2,841.60
07/18/2030	$150,663.73	$3,889.25	$1,028.61	$2,860.64
08/18/2030	$147,783.93	$3,889.25	$1,009.45	$2,879.80
09/18/2030	$144,884.83	$3,889.25	$990.15	$2,899.10
10/18/2030	$141,966.31	$3,889.25	$970.73	$2,918.52
11/18/2030	$139,028.24	$3,889.25	$951.17	$2,938.08
12/18/2030	$136,070.47	$3,889.25	$931.49	$2,957.76
01/18/2031	$133,092.90	$3,889.25	$911.67	$2,977.58
02/18/2031	$130,095.37	$3,889.25	$891.72	$2,997.53
03/18/2031	$127,077.76	$3,889.25	$871.64	$3,017.61
04/18/2031	$124,039.93	$3,889.25	$851.42	$3,037.83
05/18/2031	$120,981.75	$3,889.25	$831.07	$3,058.18
06/18/2031	$117,903.08	$3,889.25	$810.58	$3,078.67
07/18/2031	$114,803.78	$3,889.25	$789.95	$3,099.30
08/18/2031	$111,683.71	$3,889.25	$769.19	$3,120.06
09/18/2031	$108,542.74	$3,889.25	$748.28	$3,140.97
10/18/2031	$105,380.73	$3,889.25	$727.24	$3,162.01
11/18/2031	$102,197.53	$3,889.25	$706.05	$3,183.20
12/18/2031	$98,993.00	$3,889.25	$684.72	$3,204.53
01/18/2032	$95,767.01	$3,889.25	$663.25	$3,226.00
02/18/2032	$92,519.40	$3,889.25	$641.64	$3,247.61
03/18/2032	$89,250.03	$3,889.25	$619.88	$3,269.37
04/18/2032	$85,958.75	$3,889.25	$597.98	$3,291.27
05/18/2032	$82,645.43	$3,889.25	$575.92	$3,313.33
06/18/2032	$79,309.90	$3,889.25	$553.72	$3,335.53
07/18/2032	$75,952.03	$3,889.25	$531.38	$3,357.87
08/18/2032	$72,571.65	$3,889.25	$508.88	$3,380.37
09/18/2032	$69,168.63	$3,889.25	$486.23	$3,403.02
10/18/2032	$65,742.81	$3,889.25	$463.43	$3,425.82
11/18/2032	$62,294.04	$3,889.25	$440.48	$3,448.77
12/18/2032	$58,822.16	$3,889.25	$417.37	$3,471.88
01/18/2033	$55,327.02	$3,889.25	$394.11	$3,495.14
02/18/2033	$51,808.46	$3,889.25	$370.69	$3,518.56
03/18/2033	$48,266.33	$3,889.25	$347.12	$3,542.13
04/18/2033	$44,700.46	$3,889.25	$323.38	$3,565.87
05/18/2033	$41,110.71	$3,889.25	$299.49	$3,589.76
06/18/2033	$37,496.90	$3,889.25	$275.44	$3,613.81
07/18/2033	$33,858.88	$3,889.25	$251.23	$3,638.02
08/18/2033	$30,196.48	$3,889.25	$226.85	$3,662.40
09/18/2033	$26,509.55	$3,889.25	$202.32	$3,686.93
10/18/2033	$22,797.91	$3,889.25	$177.61	$3,711.64
11/18/2033	$19,061.41	$3,889.25	$152.75	$3,736.50
12/18/2033	$15,299.87	$3,889.25	$127.71	$3,761.54
01/18/2034	$11,513.13	$3,889.25	$102.51	$3,786.74
02/18/2034	$7,701.02	$3,889.25	$77.14	$3,812.11
03/18/2034	$3,863.37	$3,889.25	$51.60	$3,837.65
04/18/2034	$0.00	$3,889.25	$25.88	$3,863.37
TOTAL:	-	$466,709.98	$146,709.98	$320,000.00

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Featured Ohio Home Equity Rates 2024

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Please note that the interest rates offered are subject to change based on market conditions and borrower eligibility. The pricing and rate provided are accurate as of the specified date. It is important to be aware that the minimum loan amount for any loan program is $50,000. The specific amount and terms of the credit offer will be determined based on underwriting approval and guidelines, which include factors such as your credit history, your ability to make payments, and the available equity in your home. To qualify for this offer, you must meet the required criteria and demonstrate creditworthiness. Additionally, providing up to two years of income verification may be necessary. The severity of your credit may also impact the required down payment. It is crucial to understand that the lender reserves the right to cancel this offer if the provided information cannot be verified. Please note that all bankruptcies must be discharged in order to be eligible. This offer is nontransferable and is specifically available for single-family residences or owner-occupied condominiums. Please be aware that mobile homes and cooperatives are not included in this offer. It is important to note that the lender must hold a valid first lien position, and property hazard insurance is a requirement. These are some key details to consider when evaluating this offer. It is essential to thoroughly review the terms and conditions and seek clarification from the lender regarding any specific questions or concerns you may have before proceeding with the application process.
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Data provided by Icanbuy, LLC. Payments do not include amounts for taxes and insurance premiums. Click here for more information on rates and product details.

Home Equity Loan product from Sandy Spring Bank - Amortization Schedule Calculator

Home Equity product from Sandy Spring Bank

Featured Ohio Home Equity Rates 2024

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