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.

 
 FAMILY GROUP
  Featured Listings
  Recent Sales
  Why Use a Team?
  Buyer's Guarantee
  Seller's Guarantee
  Insider Secrets
  Testimonials
  Contact Us
 BUYING A HOME
  VIP Buyer
  Buyer Checklist
  Save $5,000
  Home Hunter
  10 Buyer Mistakes
  13 Extra Costs!
  Danger Buyer Traps
  Moving Up?
Stop Paying Rent
  Save Thousands
  New vs Resale
  Buy with $0 Down!
 SELLING YOUR HOME
  VIP Seller
  Sold in 60 Days!
  Market Value?
  27 Seller Tips
  11 Seller Mistakes
  Prices In Your Area
  Divorce & Home
  Legal Mistakes
  When Will It Sell?
  Home Didn't Sell?
  Get the Best Price
  Getting YOUR Price
  Pass Inspection
  Talking Homes
 RESOURCES
  Calculators
  School Information
  Consumer Notice
 WEICHERT SERVICES
  Mortgage
  FREE Pre-Approval
  Gold Services
  One-Stop Shopping

Copyright © 2006  The Family Group  All rights reserved.

Home Back Top