A tool designed for financial planning, typically associated with Landmark National Bank, assists users in estimating loan costs. This digital resource allows potential borrowers to input variables like loan amount, interest rate, and loan term to project monthly payments and overall interest. An example could include calculating the monthly payments for a 30-year mortgage with a 6% interest rate.
Access to this type of resource empowers borrowers to make informed decisions, compare various loan scenarios, and budget effectively. Understanding potential costs upfront promotes financial transparency and responsible borrowing. Historically, these calculations required manual computation or consultation with a loan officer. Modern digital tools simplify the process, offering convenient and immediate results for improved financial planning.
