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Mortgage Payment Calculator

1. Mortgage Term:

2. Payment Frequency:

3. Amortization Period:

Year(s)

4. Mortgage Amount:

$

5. Interest Rate:

%

Compute Payment & Balance Summary    Compute Amortization Schedule


An online mortgage calculator is a tool that can predict and calculate your amortization schedule and mortgage payment accurately with few details that you need to provide. It is a very quick process and does not take much time.

In order to make use of this calculator in our site, you need to know the meaning of the following terms:

Mortgage Term

This means the total length of your mortgage term that you are considering and this may be anything say 15 years, 30 years etc.

Mortgage amount

If you are taking mortgage for buying a new home, the mortgage amount for your mortgage payment calculator would the amount you are paying subtracted from the price of the home. On the other hand, in case of refinancing, this would be the remaining balance of your mortgage.

Interest Rate

We offer you the best rates and schedule an appointment with us to know more about them.

Amortization Period

Amortization is somewhat similar to depreciation and this is very important for calculation of your amortization schedule in our online mortgage calculator. Amortization period is the total time you have been given to pay off the mortgage.

Payment Frequency

The Payment frequency for our mortgage payment calculator is how often you would make the payments.

Best Rates
Term Posted Rates
1 Year 3.04% 2.64%
2 Year 3.24% 2.54%
3 Year 3.44% 2.74%
4 Year 3.89% 2.94%
5 Year 4.99% 2.99%
6 Month 3.10% 3.10%
7 Year 5.30% 3.69%
10 Year 6.10% 3.74%
Variable Rate 2.35%
Prime Rate 3.20%
Last updated on: 10-30-2017 *Rates are subject to change without notice. OAC, E&O.E