Amount of monthly payment required on this loan.
Rate of interest paid annually on this loan. This is the percentage amount charged on the loan annually. This rate is calculated every month on the balance outstanding on the loan. The rate you mention is yearly and therefore, the annual rate is converted into monthly rate by dividing the annual rate by 12
Number of years to fully repay the loan. This the maximum duration allowed to you by the lender to repay the loan. You can pay faster than this term to reduce the term length and save a significant amount of money that would be needed to spend as interest otherwise.
Total amount of money needed to purchase the property.
Amount of money you need to borrow to purchase the property.