Mortgage Calculator

Calculate your monthly payments based on selling price, interest rate and length of loan. Try several combinations to see how it affects your payment.

("Length of Mortgage" is the total number of years the note is financed for - e.g. 30 years. "Term" is used if you have an adjustable rate mortgage that changes after a set number of years or a balloon note that must be refinanced after a set number of years - e.g. 3 or 5 years. If this is the case, set the "TERM" field to the the set number of years for the term - e.g. 3 or 5 years. If this is the kind of mortgage you have, the last field in the calculation below will tell you how much is still owed at the end of the initial term that must be refinanced or is subject to the adjustable rate of your note. If you do not have an term note, set the "Term" Field to the same number of years as the Length of mortgage field.)

Length of Mortgage (Years) =
Term (Years) =	(Set this to the same number of years as you used above, unless you have a balloon note or an adjustable rate mortgage that changes after a fixed number of years.)
Yearly Interest Rate (%) =
Principal Amount ($) =	(Do not use a comma, $ or period)
Down Payment (%) =

Down Payment Required ($) =
Mortgage Principal ($) =
Monthly Payment ($) =
Still Owing at End of Term ($) =