Mortgage Loan Calculator Use this calculator to generate an amortization schedule for your current mortgage. Quickly see how much interest you will pay, and your principal balances. You can even determine the impact of any principal prepayments! Press the report button for a full amortization schedule, either by year or by month.

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Mortgage Loan Calculator Results

Your payment is MONTHLY_PI for TERM years with a rate of INTEREST_RATE.

Mortgage Summary
Loan amount	LOAN_AMOUNT
Term	TERM years
Interest rate	INTEREST_RATE
Monthly payment	MONTHLY_PI
Total payments	TOTAL_OF_PAYMENTS
Total interest	INTEREST_PAID

Prepayment Results

Principal prepayments on your mortgage can save you a great deal of interest. They can also shorten the time it takes to pay off your mortgage, in many cases, by several years. PREPAY_MESSAGE

Prepayment Summary
Amount	PREPAY_AMOUNT PREPAY_TYPE
Start with payment	PREPAY_STARTS_WITH&NBSP;
Total payments	PREPAY_TOTAL_OF_PAYMENTS&NBSP;
Total interest	PREPAY_INTEREST_PAID&NBSP;
Interest savings	PREPAY_INTEREST_SAVINGS&NBSP;

Payment schedule

**REPEATING GROUP**

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Please enter your information above and then press Calculate to see your "Year Number" graph, in the light yellow area above.

For more detailed information, select the View Report button.

Mortgage amount	Original or expected balance for your mortgage.
Interest rate	Annual interest rate for this mortgage
Term in years	The number of years over which you will repay this loan. The most common mortgage terms are 15 years and 30 years.
Monthly payment	Monthly principal and interest payment (PI).
Total payments	Total of all monthly payments over the full term of the mortgage. This total payment amount assumes that there are no prepayments of principal.
Total interest	Total of all interest paid over the full term of the mortgage. This total interest amount assumes that there are no prepayments of principal.
Prepayment type	The frequency of prepayment. The options are none, monthly, yearly and a one time payment.
Prepayment amount	Amount that will be prepaid on your mortgage. This amount will be applied to the mortgages principal balance, based on the prepayment type.
Start with payment	This is the payment number that your prepayments will begin with. For a one time payment, this is the payment number that the single prepayment will be included in. All prepayments of principal are assumed to be received by your lender in time to be included in the following months interest calculation.
Savings	Total amount of interest you will save by prepaying your mortgage.