Mortgage Payment Calculator

Payment Analyzer

Calculate your mortgage payment. Create an amortization schedule. Discover what you will owe in 5 years. Answer the questions listed below. If you require assistance, click the "Help" buttons on the right. Click either the red "Compute Amortization Schedule" or "Compute Payment & Balance Summary" button when you are finished.

Calculation Inputs
Help
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.
Help
Select how often you would like to make your mortgage payments. For example: monthly (12 a year), semi-monthly (24 in a year), bi-weekly (26 in a year), weekly (52 in a year).
Help
Enter a number representing over how many years you would like to repay your mortgage. The standard is 25 years; the minimum is 1 year; and, the maximum is 40 years.
Help
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, located in the "Mortgage Calculator" section. (Minimum: $10,000 & Maximum: $1,000,000,000)
Help
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
Mortgage Payment
Mortgage Balance Remaining After:
Information is provided for sample purposes only. Its accuracy is not guaranteed. Information should be verified and should not be relied upon as legal, financial, or other advice.