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Mortgage Calculator

INSTRUCTIONS

This calculator is designed to give you approximately what your monthly payment would be given the Term of the loan and the interest rate, and then amortize the payments over the term of the loan.

  1. Select what year the loan will begin.

  2. Enter the relevant data in "Mortgage Amount" and "Interest Rate" and then select the "Mortgage Length and Payment Frequency.

  3. Click once on the "Calculate" button to calculate your desired value. (Results will be shown in the Payment Amount and Total Interest fields below.

  4. For full amortization schedule, click on Amortize. (A new window will pop open will the amortization schedule).

 Payment and Amortization Calculator
First Payment Year
Mortgage Amount
Interest Rate %
Mortgage Length Years
Payment Frequency
Select Calculate to obtain Monthly Payments, Amortize for full amortization schedule or Reset to begin again. Step 1

Step 2

Begin Again!

Payment Amount
Total Interest
 

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