This calculator calculates monthly mortgage payments based on principal, interest and term.

Helpful Hints:
  • Term is the same as Amortization, put the same number in both unless your loan has a balloon payment, then term equals the balloon period.

  • Put "0" in the Downpayment slot unless your loan is a purchase. If your loan is a purchase, you need to put the purchase price in the slot that says "Principal Amount." You will also need to have correct amount of the down payment in it's slot.

    Amortization(Years) =

    Term (Years) =

    Yearly Interest Rate (%) =

    Principal Amount ($) =

    Downpayment (%) =

    Downpayment Required ($) =

    Mortgage Principal ($) =

    Monthly Payment ($) =

    Still Owing at End of Term ($) =