Calculators

Mortgage Center

Loan Payment Calculator

Fill in any 4 of the 5 variables, press Compute, and the remaining value will be calculated.

1. Payment Frequency:
2. Amortization Period:		Year(s)
3. Mortgage Amount:	$
4. Interest Rate:		% (e.g. 5.75)
5. Mortgage Payment:	$

This is a calculation tool, not an offer to lend. Interest rates shown are for demonstration purposes only. Actual market interest rates may vary. Payment calculators do not include Private Mortgage Insurance. PMI could be required by some Mortgage Companies based upon the mortgage amount requested.

Help

1. Payment Frequency	Select how often you would like to make your mortgage payments. Number of payments per year: Monthly: 12 (once a month). Semi-Monthly: 24 (twice a month). Bi-Weekly: 26 (once every two weeks). Weekly: 52 (once a week).
2. Amortization Period	Enter a number representing over how many years you would like to repay your mortgage. The standard is 25 years. Minimum: 1 Year
3. Mortgage Amount	Enter the amount of money you want to borrow. Do not enter a dollar sign. You can calculate the maximum mortgage amount you qualify for (based on income and debt) by using the Maximum Mortgage calculator. Minimum: $10,000
4. Interest Ratet	Enter the interest rate you would like to use for calculating your payment and amortization schedule. Enter the interest rate in a whole number format. For example: 4.56 NOT .0456 Minimum: 2.0
5. Mortgage Payment	The mortgage payment is the amount the borrower would finance in order to pay off the desired loan. The payment corresponds to the selected frequency. Minimum: $1.00

Disclaimer

Calculators are provided as a free service to our visitors. No guarantee, explicit or implied, is made regarding their accuracy or suitability to a specific purpose. The result of this calculation should not be taken as a statement of one's credit-worthiness, but rather a general guideline of industry practices. Use of any calculator on this site shall constitute acceptance of the terms of this agreement.