Mortgage Calculator

A mortgage is the single largest financial obligation for many adults. The Mortgage Calculator is designed to help prospective homeowners and holders of existing mortgages determine their payments, years remaining on the mortgage, etc.

Fill in the relevant figures and then click OK beside the variable you wish to solve for. The following calculator icon will appear beside the desired result.

More details can be found in the Help File.

Mortgage Tips

When shopping for a mortgage, try your negotiating skills. Most lenders are willing to offer mortgages at rates below those posted.

Where possible, consider increasing the frequency of your mortgage payment, and prepaying a portion of the principal on the anniversary date. These two strategies will help reduce the overall life of your mortgage and the interest paid.

Evaluate all aspects of your mortgage. The term is not the only consideration. Look at whether the mortgage is transferable or portable, to name a few. Choose a mortgage that suits your needs, and one that you are comfortable with.

Click "OK" beside the variable you want to know

	To borrow a Principal amount of	$



	At an Interest rate of		%



	Given a payment frequency of	Monthly

	Given an annual prepayment of	$ 0.00

	Given an amortization period of		years



	Your payment would be	$

Totals

	TOTAL payments would be	$ 536939.00

	TOTAL interest paid would be	$ 286939.00

Would you like to see a detailed amortization table as well?
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