Mortgage Amortization Calculator

This amortization calculator requires the use of Javascript enabled and capable browsers.

Enter the ENTIRE amount of your financed mortgage, including any closing costs or other expenses that will be amortized over the time period of the loan.

Enter the interest rate in a whole number of the percent. For instance, 5 percent would be entered as 5 not .05; 5.5 would be 5 and 1/2 percent.

Select the mortgage term length duration (term) of the loan and select the frequency of the payment, monthly or bi-monthly. This bi-monthly option is NOT to reduce the interest by pre-payment but to pay 1/2 the monthly payment, twice a month. Click on Calculate Payment and Interest for results. Click on Amortization Table to create an annual table.

To print the table, hit Control-P after the window is open.

 

Data Entry Fields Initial Payment Year 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 Mortgage Amount Interest Rate % Mortgage Term Length 40 30 25 20 15 10 Years Payment Frequency Monthly Bi-Monthly Results Calculated Regular Payment Amount Calculated Total Term Interest

 
Version 8.4.1