Calculators

Mortgage Center

Payment, Balance Summary, and Amortization Schedule

Fill in all of the fields and press either large button.

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

Mortgage Payment:

Mortgage Balance Remaining After:
1 Year	2 Years	3 Years	5 Years	10 Years

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. Mortgage Term	The term of a mortgage is the length of time before it comes due for renewal, and for which the interest rate is either fixed or floating. Select the desired term for your mortgage. This term will be used in creating the amortization schedule, and calculating the balances. You cannot select a term which is greater than the amortization period you enter.
2. 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).
3. 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
4. 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
5. Interest Rate	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

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.