Mortgage Calculator
Additional Costs
Cost Increases
Extra Payments
Results
| Monthly | Annual | Total | |
|---|---|---|---|
| Principal & Interest | $0.00 | $0.00 | $0.00 |
| Property Taxes | $0.00 | $0.00 | $0.00 |
| Home Insurance | $0.00 | $0.00 | $0.00 |
| PMI | $0.00 | $0.00 | $0.00 |
| HOA Fees | $0.00 | $0.00 | $0.00 |
| Other Costs | $0.00 | $0.00 | $0.00 |
| Extra Monthly Payment | $0.00 | $0.00 | $0.00 |
| Extra Yearly Payment | N/A | $0.00 | $0.00 |
| Extra One-Time Payment | N/A | N/A | $0.00 |
| Total Payment | $0.00 | $0.00 | $0.00 |
Payoff Date:
Amortization Schedule
| Payment # | Date | Principal | Interest | Total Payment | Balance |
|---|---|---|---|---|---|
| Totals | 0.00 | 0.00 | 0.00 | ||
Online Mortgage Calculator
A mortgage calculator calculates the amortization schedule of mortgage property for monthly, quarterly, semi-annually, or yearly payments, with a breakdown of principal, interest, and balance payments. Banks or other financial institutions grant mortgage loans secured by a property where the first lender pays the amount to the property seller on the buyer’s behalf and the buyer agrees to repay the loan amount over a specific time for which the lender charges interest rate.
Mortgage culture for buying a house or property is very normal in Europe and the United States, where people buy houses through 15 to 30 years of mortgage loans. The loan amortization schedule is used to define how buyers periodically pay principal plus interest incurred over time.
Also Read: Compound Interest Calculator
Components of Online Mortgage Calculator
For calculating mortgage loan amortization you need to identify and understand some terms. The components include but are not limited to the principal loan amount, down payment, interest rate, term of the loan, the start of the term, property tax, insurance amount, private mortgage insurance (PMI), homeowner’s association fee (HOA), other costs, an annual increase in the associated costs, any extra payments during the term and so on.
