Mortgage Calculator: Simple calculator for repayment & interest only mortgages, mortgage loan calc.#Mortgage #loan #calc


Ultimate Mortgage Calculator New!

8 calculators to compare mortgages, from ditching your fix to saving for a deposit

Mortgage loan calc

Basic mortgage calculator

Shows the cost per month and the total cost over the life of the mortgage, including fees interest.

Total you’ll repay over full term

Could you get a cheaper rate?

Use the MSE’s Mortgage Best Buys Comparison to find the best deal for you.

Your mortgage debt over time

Your remaining debt

(assuming your interest rate stays the same)

The nerdy bit see how the debt is gradually paid off

In the first few years of the mortgage, you’re paying proportionally more interest, so the debt only reduces slowly, as the table above shows. However, making overpayments can eat into the debt and massively reduce the amount you repay in total as it means less interest overall (always check there aren’t overpayment penalties beforehand).

IMPORTANT! Please read.

This information is computer-generated and relies on certain assumptions. It has only been designed to give a useful general indication of costs.

It’s important you always get a specific quote from the lender and double-check the price yourself before acting on the information. We cannot accept responsibility for any errors (please report faults above).

Assumptions

In order to create these results, we have had to make a few assumptions:

  • 1) Interest is charged monthly.
  • 2) Interest rate stays the same over the term.
  • 3) If you selected ‘Interest only’, we assume your standard monthly payment doesn’t decrease even if you pay off some of the balance.

Martin’s FREE Printed Mortgage Help Booklets

How this site works

We think it’s important you understand the strengths and limitations of the site. We’re a journalistic website and aim to provide the best MoneySaving guides, tips, tools and techniques, but can’t guarantee to be perfect, so do note you use the information at your own risk and we can’t accept liability if things go wrong.

  • This info does not constitute financial advice, always do your own research on top to ensure it’s right for your specific circumstances and remember we focus on rates not service.
  • Do note, while we always aim to give you accurate product info at the point of publication, unfortunately price and terms of products and deals can always be changed by the provider afterwards, so double check first.
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  • We often link to other websites, but we can’t be responsible for their content.
  • Always remember anyone can post on the MSE forums, so it can be very different from our opinion.

MoneySavingExpert.com is part of the MoneySupermarket Group, but is entirely editorially independent. Its stance of putting consumers first is protected and enshrined in the legally-binding MSE Editorial Code.

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Mortgage Payment Calculator –, mortgage loan calc.#Mortgage #loan #calc


Mortgage Payment Calculator

Use our mortgage loan calculator to determine the monthly payments for any fixed-rate loan. Just enter the amount and terms, and our mortgage calculator does the rest. Click on “Show Amortization” Table to see how much interest you’ll pay each month and over the lifetime of the loan. The mortgage loan calculator will also show how extra payments can accelerate your payoff and save thousands in interest charges.

Amortization Table

Mortgage loan calc

Mortgage loan calc

Mortgage loan calc

Mortgage loan calc

Whether you’re buying a new home or refinancing, our mortgage calculator can do the math for you. Simply enter the amount, term and interest rate to get your monthly payment amount. If you’re refinancing, enter the current balance on your mortgage into the loan amount section and input the new term and new rate that you’ll receive. Then click on the amortization table to see how much interest you’ll pay over the life of the loan. Add extra payments to find out how they can put your payoff schedule on the fast-track and save you thousands.

Keep in mind that this calculator only calculates the mortgage payment. It does not include taxes, insurance or other fees included in the purchase of your home.

Loan amount: The amount of money you’re borrowing. It’s the cost of your new home minus the down payment if you’re buying or the balance on your existing mortgage if refinancing.

Interest rate: The exact rate you will receive on your loan, not the APR.

Loan term: The length of time you have to pay off your loan (30- and 15-year fixed-rate loans are common terms).

Amortization table: Timetable detailing each monthly payment of a mortgage. Details include the payment, principal paid, interest paid, total interest paid and current balance for each payment period.

Monthly extra payment: Extra amount added to each monthly payment to reduce loan length and interest paid.

Yearly extra payment: Extra amount paid each year to reduce loan length and interest paid.

One-time extra payment: Extra amount added once to reduce loan length and interest paid.

Mortgage loan calc


Mortgage Payment Calculator, mortgage payment calc.#Mortgage #payment #calc


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Mortgage payment calc Mortgage payment calc Mortgage payment calc

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Mortgage payment calc

    To use this calculator change the above fields as desired:
  • Mortgage Amount: Enter your mortgage amountthis is the Principal Loan Balance
  • Interest Rate (%): Enter the annual interest rate

CANADIANS:Add a C (e.g. 7.75C) to use a conversion factor to convert Canadian rates to a US equivalent to use in the calculations.

  • Amortization Length: Years, typically 30 or 15 in US, 25 in Canada
  • Starting Month Year: Select the starting month and enter the year
  • Show full amortization table? No or Yes (This is a long table)
  • Pre-payment method options:

    None : No Prepayments

    Monthly : Pre-pay a set amount each month

    Annually : Pre-pay a set amount once each year

    Bi-weekly A: 26 half paymts/yr – 2 half pre-paymts each 6 months

    Bi-weekly B: 26 half paymts/yr – 1 full pre-paymt each 12 months

    One Time : Pre-pay one set amount after a given # of months

  • Prepayment Amount: Monthly/Annually/One-Time Principal Prepayment Amount
  • Prepayment after month: One-Time Prepayment to be paid after payment number of months
  • Display Using: HTML 3.0 Tables or Plain Text
  • Click here to compare offers from four different lenders.

    Mortgage payment calc

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    Mortgage Calculator – Simplifying The Mortgage, Calculators by CalcXML, mortgage payment calc.#Mortgage #payment #calc


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    Mortgage calculator

    The loan amount, the interest rate, and the term of the mortgage can have a dramatic effect on the total amount you will eventually pay for the property. Further, mortgage payments typically will include monthly allocations of property taxes, hazard insurance, and (if applicable) private mortgage insurance (PMI). Use our mortgage calculator to see the impact of these variables along with an amortization schedule.

    Mortgage payment calc

    How Much Can I Afford to Pay for a House?

    How much does a home cost? Before you get too comfortable with the asking price in the real estate ad, you should be aware of all the expenses you will be expected to pay.

    First, there is the price of the home itself. The seller offers his or her house for sale at the asking price. This price may be negotiable depending upon the condition of the home and other factors. After the negotiations are done, the agreed-upon price becomes the cost of the home. To secure this cost, the buyer is expected to make a non-refundable payment to the seller. This is called earnest money. This amount will be deducted from the amounts paid when the sale is completed.

    Mortgage payment calc

    Finding Suitable Homes in Your Price Range

    Presuming you do not have a very large supply of cash on hand, you will have to finance your home with a mortgage. A mortgage loan is essentially a secured loan that uses the home as collateral. Mortgages are typically paid in monthly installments over several years – usually 15 or 30 (40-year mortgages do exist, but they are not offered by every lender).

    Mortgages contain two distinct parts:

    • Principal. The amount you need to borrow to pay for your home and closing costs.
    • Interest. What you pay the financial institution for the use of its money.

    Click here for full article

    Mortgage payment calc

    Am I Ready to Purchase a Home?

    Unlike with many other kinds of investments, there are a number of things you can do to increase the investment value of your home.

    This increase in value can result in a capital gain to you when you sell your home. Your capital gain is the amount you sell your home for, minus your cost basis. Your cost basis will be the principal amount you paid for the property, plus the value of any substantial capital improvements (e.g., building a patio, additional bedroom, etc.) you may have invested in, but not including the cost of ordinary repairs and upkeep. The good news is that most people who incur capital gains upon the sale of their personal residences will not have to pay tax on the gains, due to the current exemption limits. The old adage that the three most important attributes of real estate are “location, location, and location” is worth remembering when you buy a home. A mortgage calculator can assist you when buying a home as well.

    Definitions

    • Mortgage loan amount The amount you wish to borrow for your home mortgage.
    • Annual interest rate The interest rate for this home mortgage loan.
    • Number of months The number of months you wish to finance this home mortgage loan. 30 years = 360 months, 20 years = 240 months, 15 years = 180 months.
    • Desired amortization schedule After clicking Submit, an amortization schedule will be shown. You can control whether you want it to display year-by-year or month-by-month.
    • Sale price of property The selling price of the home you are selling, if applicable. Otherwise leave at $0.
    • Let system estimate property taxes, insurance, and private mortgage insurance? Select ‘yes’ if you want the calculator to estimate these values for you based on national averages. If you would like to specify these values, select ‘No’
    • Annual property taxes The annual amount you expect to pay for property taxes.
    • Annual hazard insurance The annual amount you expect to pay for hazard/homeowner’s insurance.
    • Monthly private mortgage insurance The monthly amount you will be required to pay by the lender for private mortgage insurance (PMI).

    Mortgage payment calc

    This information may help you analyze your financial needs. It is based on information and assumptions provided by you regarding your goals, expectations and financial situation. The calculations do not infer that the company assumes any fiduciary duties. The calculations provided should not be construed as financial, legal or tax advice. In addition, such information should not be relied upon as the only source of information. This information is supplied from sources we believe to be reliable but we cannot guarantee its accuracy. Hypothetical illustrations may provide historical or current performance information. Past performance does not guarantee nor indicate future results.

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    Flagler Beach and Palm Coast, Florida real estate, bankrate loan calc.#Bankrate #loan #calc


    Success in Real Estate is about the Destination.

    It’s about “Getting Buyers and Sellers Together”

    It’s About “Getting You There”.

    Bankrate loan calc Flagler Beach and Pier with over 6 miles of pristine beach

    This Portal represents a whole new way to “Explore” Properties. Here you have, at your fingertips, the ability to shop and compare properties how and when you want to.

    We have invested in this unique Custom MLS Feed because it embraces the latest in Technology while still keeping that all important Personal Touch.

    To start your Exploration simply click on one of the Pre-Defined Search icons on the left side of the page, or go to the top of the page and click on the General Search box. No matter how you start your Exploration, after that you can further refine your Search by price, size, and amenities.

    Northern Beachside is East of the ICW and North of the Palm Coast ICW bridge to the County Line. Southern Beachside is South of the Palm Coast ICW bridge to Flagler Beach city limits.

    If you need more information on anything you see, we are just a click away.

    Flagler County: The undiscovered part of Florida

    If you’re buying or selling real estate in Flagler Beach or Palm Coast, the possibilities in Flagler Beach and Palm Coast real estate are endless. From the “Last Best Beach Town” in Florida, Flagler Beach, to the rapidly growing and maturing Palm Coast, to luxury gated communities, to unique and quiet Beachside neighborhoods, to condominiums, town homes, oceanfront, Intracoastal, and salt water canal homes and properties. Real estate buyers and sellers will find what they dream of right here.

    Interested in what is happening in the Flagler County Real Estate Market? Just contact us for detailed information on the prior weeks sales in the county, or for the prior months sales, actives, expireds and new listings.

    Spend a little time on the TwoLanes web site and you’ll discover fantastic Florida and Flagler Beach and Palm Coast real estate listings for hundreds of properties, links to valuable and useful Flagler Beach and Palm Coast information, and helpful tips and ideas for real estate buyers and sellers . sign up to receive our monthly TwoLanes E Newsletter .

    We’d like you to visit Flagler Beach and Palm Coast Real Estate now through these pages, then perhaps you will decide to visit in person, but you need to be aware that when you visit you may decide that your brief stay should last a lifetime.

    We look forward to meeting you and becoming neighbors. And whether you are buying or selling real estate in Flagler Beach or Palm Coast or relocating to another area, as multi-million dollar top producers in Flagler Beach and Palm Coast Real Estate. TwoLanes will help “Get You There”

    It would be our pleasure to work with you. Let’s get together to talk about your home buying and/or selling plans and relocation ideas, Just fill out the easy contact form on this site, or call 386-931-8531 or send us an e-mail ( [email protected] ), we’ll set-up a time to meet that is easy and convenient for you,

    and “Get You on the Road To Sold”

    Bankrate loan calc


    Mortgage Calculator with Current Rates – Calculate Mortgage Payments with Ease from, mortgage calc.#Mortgage #calc


    Mortgage Calculator

    Calculate your monthly mortgage payment using the free calculator below. A house is the largest purchase most of us will ever make so it’s important to calculate what your mortgage payment will be and how much you can afford. Estimate your monthly payments and see the effect of adding extra payments.

    Choose a lender below and lock in your estimated payment of $ or less

    Advertising Disclosure

    Bankrate Recommends

    Mortgage calc

    Where will mortgage rates head next week?

    Mortgage experts predict what will happen to rates over the next week — and why.

    Mortgage calc

    How much house can I afford?

    Use this calculator to determine how much mortgage you can afford to take out based on your income and expenses.

    Mortgage calc

    Mortgage Basics

    This step-by-step guide will help you understand the sometimes-difficult journey to homeownership.

    Mortgage calc

    Top 10 mortgage tips for 2016

    Thinking about buying a house? These tips will help you find the best mortgage for you.

    Helpful Calculators & Tools

    Loan Calculator

    This loan calculator will help you determine the loan monthly payments on a loan. View Calculator

    Amortization Calculator

    How much of your monthly payment will go towards the principal and how much will go towards the interest. View Calculator

    15 or 30 year mortgage?

    Lets us help you decide which mortgage loan is right for you. View Calculator

    Debt ratio Calculator

    Your debt-to-income ratio can be a valuable number — some say as important as your credit score. View Calculator

    About our Mortgage Rate Tables

    About our Mortgage Rate Tables: The above mortgage loan information is provided to, or obtained by, Bankrate. Some lenders provide their mortgage loan terms to Bankrate for advertising purposes and Bankrate receives compensation from those advertisers (our “Advertisers”). Other lenders’ terms are gathered by Bankrate through its own research of available mortgage loan terms and that information is displayed in our rate table for applicable criteria. In the above table, an Advertiser listing can be identified and distinguished from other listings because it includes a “Next” button that can be used to click-through to the Advertiser’s own website or a phone number for the Advertiser.

    Availability of Advertised Terms: Each Advertiser is responsible for the accuracy and availability of its own advertised terms. Bankrate cannot guaranty the accuracy or availability of any loan term shown above. However, Bankrate attempts to verify the accuracy and availability of the advertised terms through its quality assurance process and requires Advertisers to agree to our Terms and Conditions and to adhere to our Quality Control Program. Click here for rate criteria by loan product.

    Loan Terms for Bankrate.com Customers: Advertisers may have different loan terms on their own website from those advertised through Bankrate.com. To receive the Bankrate.com rate, you must identify yourself to the Advertiser as a Bankrate.com customer. This will typically be done by phone so you should look for the Advertiser’s phone number when you click-through to their website. In addition, credit unions may require membership.

    Loans Above $424,100 May Have Different Loan Terms: If you are seeking a loan for more than $424,100, lenders in certain locations may be able to provide terms that are different from those shown in the table above. You should confirm your terms with the lender for your requested loan amount.

    Taxes and Insurance Excluded from Loan Terms: The loan terms (APR and Payment examples) shown above do not include amounts for taxes or insurance premiums. Your monthly payment amount will be greater if taxes and insurance premiums are included.

    Consumer Satisfaction: If you have used Bankrate.com and have not received the advertised loan terms or otherwise been dissatisfied with your experience with any Advertiser, we want to hear from you. Please click here to provide your comments to Bankrate Quality Control.

    Mortgage Calculator Help

    Using an online mortgage calculator can help you quickly and accurately predict your monthly mortgage payment with just a few pieces of information. It can also show you the total amount of interest you’ll pay over the life of your mortgage. To use this calculator, you’ll need the following information:

    The dollar amount you expect to pay for a home.

    The down payment is money you give to the home’s seller. At least 20% down typically lets you avoid mortgage insurance.

    If you’re getting a mortgage to buy a new home, you can find this number by subtracting your down payment from the home’s price. If you’re refinancing, this number will be the outstanding balance on your mortgage.

    Mortgage Term (Years)

    This is the length of the mortgage you’re considering. For example, if you’re buying new, you may choose a mortgage loan that lasts 30 years. On the other hand, a homeowner who is refinancing may opt of a loan that lasts 15 years.

    Estimate the interest rate on a new mortgage by checking Bankrate’s mortgage rate tables for your area. Once you have a projected rate (your real-life rate may be different depending on your overall credit picture) you can plug it into the calculator.

    Mortgage Start Date

    Select the month, day and year when your mortgage payments will start.

    Mortgage Calculator: Alternative Use

    Most people use a mortgage calculator to estimate the payment on a new mortgage, but it can be used for other purposes, too. Here are some other uses:

    1. Planning to pay off your mortgage early.

    Use the “Extra payments” functionality of Bankrate’s mortgage calculator to find out how you can shorten your term and net big savings by paying extra money toward your loan’s principal each month, every year or even just one time.

    To calculate the savings, click “Show Amortization Schedule” and enter a hypothetical amount into one of the payment categories (monthly, yearly or one-time) and then click “Apply Extra Payments” to see how much interest you’ll end up paying and your new payoff date.

    2. Decide if an ARM is worth the risk.

    The lower initial interest rate of an adjustable-rate mortgage, or ARM, can be tempting. But while an ARM may be appropriate for some borrowers, others may find that the lower initial interest rate won’t cut their monthly payments as much as they think.

    To get an idea of how much you’ll really save initially, try entering the ARM interest rate into the mortgage calculator, leaving the term as 30 years. Then, compare those payments to the payments you get when you enter the rate for a conventional 30-year fixed mortgage. Doing so may confirm your initial hopes about the benefits of an ARM — or give you a reality check about whether the potential plusses of an ARM really outweigh the risks.

    3. Find out when to get rid of private mortgage insurance.

    You can use the mortgage calculator to determine when you’ll have 20 percent equity in your home. This percentage is the magic number for requesting that a lender wave private mortgage insurance requirement.

    Simply enter in the original amount of your mortgage and the date you closed, and click “Show Amortization Schedule.” Then, multiply your original mortgage amount by 0.8 and match the result to the closest number on the far-right column of the amortization table to find out when you’ll reach 20 percent equity.


    Flagler Beach and Palm Coast, Florida real estate, bankrate mortgage calc.#Bankrate #mortgage #calc


    Success in Real Estate is about the Destination.

    It’s about “Getting Buyers and Sellers Together”

    It’s About “Getting You There”.

    Bankrate mortgage calc Flagler Beach and Pier with over 6 miles of pristine beach

    This Portal represents a whole new way to “Explore” Properties. Here you have, at your fingertips, the ability to shop and compare properties how and when you want to.

    We have invested in this unique Custom MLS Feed because it embraces the latest in Technology while still keeping that all important Personal Touch.

    To start your Exploration simply click on one of the Pre-Defined Search icons on the left side of the page, or go to the top of the page and click on the General Search box. No matter how you start your Exploration, after that you can further refine your Search by price, size, and amenities.

    Northern Beachside is East of the ICW and North of the Palm Coast ICW bridge to the County Line. Southern Beachside is South of the Palm Coast ICW bridge to Flagler Beach city limits.

    If you need more information on anything you see, we are just a click away.

    Flagler County: The undiscovered part of Florida

    If you’re buying or selling real estate in Flagler Beach or Palm Coast, the possibilities in Flagler Beach and Palm Coast real estate are endless. From the “Last Best Beach Town” in Florida, Flagler Beach, to the rapidly growing and maturing Palm Coast, to luxury gated communities, to unique and quiet Beachside neighborhoods, to condominiums, town homes, oceanfront, Intracoastal, and salt water canal homes and properties. Real estate buyers and sellers will find what they dream of right here.

    Interested in what is happening in the Flagler County Real Estate Market? Just contact us for detailed information on the prior weeks sales in the county, or for the prior months sales, actives, expireds and new listings.

    Spend a little time on the TwoLanes web site and you’ll discover fantastic Florida and Flagler Beach and Palm Coast real estate listings for hundreds of properties, links to valuable and useful Flagler Beach and Palm Coast information, and helpful tips and ideas for real estate buyers and sellers . sign up to receive our monthly TwoLanes E Newsletter .

    We’d like you to visit Flagler Beach and Palm Coast Real Estate now through these pages, then perhaps you will decide to visit in person, but you need to be aware that when you visit you may decide that your brief stay should last a lifetime.

    We look forward to meeting you and becoming neighbors. And whether you are buying or selling real estate in Flagler Beach or Palm Coast or relocating to another area, as multi-million dollar top producers in Flagler Beach and Palm Coast Real Estate. TwoLanes will help “Get You There”

    It would be our pleasure to work with you. Let’s get together to talk about your home buying and/or selling plans and relocation ideas, Just fill out the easy contact form on this site, or call 386-931-8531 or send us an e-mail ( [email protected] ), we’ll set-up a time to meet that is easy and convenient for you,

    and “Get You on the Road To Sold”

    Bankrate mortgage calc


    Financial Calculator, Free Online Calculators from, bankrate loan calc.#Bankrate #loan #calc


    Calculators

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    2017 Bankrate, LLC All Rights Reserved.


    Mortgage Calculator with Current Rates – Calculate Mortgage Payments with Ease from, mortgage calc.#Mortgage #calc


    Mortgage Calculator

    Calculate your monthly mortgage payment using the free calculator below. A house is the largest purchase most of us will ever make so it’s important to calculate what your mortgage payment will be and how much you can afford. Estimate your monthly payments and see the effect of adding extra payments.

    Choose a lender below and lock in your estimated payment of $ or less

    Advertising Disclosure

    Bankrate Recommends

    Mortgage calc

    Where will mortgage rates head next week?

    Mortgage experts predict what will happen to rates over the next week — and why.

    Mortgage calc

    How much house can I afford?

    Use this calculator to determine how much mortgage you can afford to take out based on your income and expenses.

    Mortgage calc

    Mortgage Basics

    This step-by-step guide will help you understand the sometimes-difficult journey to homeownership.

    Mortgage calc

    Top 10 mortgage tips for 2016

    Thinking about buying a house? These tips will help you find the best mortgage for you.

    Helpful Calculators & Tools

    Loan Calculator

    This loan calculator will help you determine the loan monthly payments on a loan. View Calculator

    Amortization Calculator

    How much of your monthly payment will go towards the principal and how much will go towards the interest. View Calculator

    15 or 30 year mortgage?

    Lets us help you decide which mortgage loan is right for you. View Calculator

    Debt ratio Calculator

    Your debt-to-income ratio can be a valuable number — some say as important as your credit score. View Calculator

    About our Mortgage Rate Tables

    About our Mortgage Rate Tables: The above mortgage loan information is provided to, or obtained by, Bankrate. Some lenders provide their mortgage loan terms to Bankrate for advertising purposes and Bankrate receives compensation from those advertisers (our “Advertisers”). Other lenders’ terms are gathered by Bankrate through its own research of available mortgage loan terms and that information is displayed in our rate table for applicable criteria. In the above table, an Advertiser listing can be identified and distinguished from other listings because it includes a “Next” button that can be used to click-through to the Advertiser’s own website or a phone number for the Advertiser.

    Availability of Advertised Terms: Each Advertiser is responsible for the accuracy and availability of its own advertised terms. Bankrate cannot guaranty the accuracy or availability of any loan term shown above. However, Bankrate attempts to verify the accuracy and availability of the advertised terms through its quality assurance process and requires Advertisers to agree to our Terms and Conditions and to adhere to our Quality Control Program. Click here for rate criteria by loan product.

    Loan Terms for Bankrate.com Customers: Advertisers may have different loan terms on their own website from those advertised through Bankrate.com. To receive the Bankrate.com rate, you must identify yourself to the Advertiser as a Bankrate.com customer. This will typically be done by phone so you should look for the Advertiser’s phone number when you click-through to their website. In addition, credit unions may require membership.

    Loans Above $424,100 May Have Different Loan Terms: If you are seeking a loan for more than $424,100, lenders in certain locations may be able to provide terms that are different from those shown in the table above. You should confirm your terms with the lender for your requested loan amount.

    Taxes and Insurance Excluded from Loan Terms: The loan terms (APR and Payment examples) shown above do not include amounts for taxes or insurance premiums. Your monthly payment amount will be greater if taxes and insurance premiums are included.

    Consumer Satisfaction: If you have used Bankrate.com and have not received the advertised loan terms or otherwise been dissatisfied with your experience with any Advertiser, we want to hear from you. Please click here to provide your comments to Bankrate Quality Control.

    Mortgage Calculator Help

    Using an online mortgage calculator can help you quickly and accurately predict your monthly mortgage payment with just a few pieces of information. It can also show you the total amount of interest you’ll pay over the life of your mortgage. To use this calculator, you’ll need the following information:

    The dollar amount you expect to pay for a home.

    The down payment is money you give to the home’s seller. At least 20% down typically lets you avoid mortgage insurance.

    If you’re getting a mortgage to buy a new home, you can find this number by subtracting your down payment from the home’s price. If you’re refinancing, this number will be the outstanding balance on your mortgage.

    Mortgage Term (Years)

    This is the length of the mortgage you’re considering. For example, if you’re buying new, you may choose a mortgage loan that lasts 30 years. On the other hand, a homeowner who is refinancing may opt of a loan that lasts 15 years.

    Estimate the interest rate on a new mortgage by checking Bankrate’s mortgage rate tables for your area. Once you have a projected rate (your real-life rate may be different depending on your overall credit picture) you can plug it into the calculator.

    Mortgage Start Date

    Select the month, day and year when your mortgage payments will start.

    Mortgage Calculator: Alternative Use

    Most people use a mortgage calculator to estimate the payment on a new mortgage, but it can be used for other purposes, too. Here are some other uses:

    1. Planning to pay off your mortgage early.

    Use the “Extra payments” functionality of Bankrate’s mortgage calculator to find out how you can shorten your term and net big savings by paying extra money toward your loan’s principal each month, every year or even just one time.

    To calculate the savings, click “Show Amortization Schedule” and enter a hypothetical amount into one of the payment categories (monthly, yearly or one-time) and then click “Apply Extra Payments” to see how much interest you’ll end up paying and your new payoff date.

    2. Decide if an ARM is worth the risk.

    The lower initial interest rate of an adjustable-rate mortgage, or ARM, can be tempting. But while an ARM may be appropriate for some borrowers, others may find that the lower initial interest rate won’t cut their monthly payments as much as they think.

    To get an idea of how much you’ll really save initially, try entering the ARM interest rate into the mortgage calculator, leaving the term as 30 years. Then, compare those payments to the payments you get when you enter the rate for a conventional 30-year fixed mortgage. Doing so may confirm your initial hopes about the benefits of an ARM — or give you a reality check about whether the potential plusses of an ARM really outweigh the risks.

    3. Find out when to get rid of private mortgage insurance.

    You can use the mortgage calculator to determine when you’ll have 20 percent equity in your home. This percentage is the magic number for requesting that a lender wave private mortgage insurance requirement.

    Simply enter in the original amount of your mortgage and the date you closed, and click “Show Amortization Schedule.” Then, multiply your original mortgage amount by 0.8 and match the result to the closest number on the far-right column of the amortization table to find out when you’ll reach 20 percent equity.


    Mortgage Payment Calculator –, mortgage calc.#Mortgage #calc


    Mortgage Payment Calculator

    Use our mortgage loan calculator to determine the monthly payments for any fixed-rate loan. Just enter the amount and terms, and our mortgage calculator does the rest. Click on “Show Amortization” Table to see how much interest you’ll pay each month and over the lifetime of the loan. The mortgage loan calculator will also show how extra payments can accelerate your payoff and save thousands in interest charges.

    Amortization Table

    Mortgage calc

    Mortgage calc

    Mortgage calc

    Mortgage calc

    Whether you’re buying a new home or refinancing, our mortgage calculator can do the math for you. Simply enter the amount, term and interest rate to get your monthly payment amount. If you’re refinancing, enter the current balance on your mortgage into the loan amount section and input the new term and new rate that you’ll receive. Then click on the amortization table to see how much interest you’ll pay over the life of the loan. Add extra payments to find out how they can put your payoff schedule on the fast-track and save you thousands.

    Keep in mind that this calculator only calculates the mortgage payment. It does not include taxes, insurance or other fees included in the purchase of your home.

    Loan amount: The amount of money you’re borrowing. It’s the cost of your new home minus the down payment if you’re buying or the balance on your existing mortgage if refinancing.

    Interest rate: The exact rate you will receive on your loan, not the APR.

    Loan term: The length of time you have to pay off your loan (30- and 15-year fixed-rate loans are common terms).

    Amortization table: Timetable detailing each monthly payment of a mortgage. Details include the payment, principal paid, interest paid, total interest paid and current balance for each payment period.

    Monthly extra payment: Extra amount added to each monthly payment to reduce loan length and interest paid.

    Yearly extra payment: Extra amount paid each year to reduce loan length and interest paid.

    One-time extra payment: Extra amount added once to reduce loan length and interest paid.

    Mortgage calc