Mortgage Payment Calculator
 
# of
Years
Interest
Rate
Principal
Monthly
payment
 = 
 = 
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How to use this calculator 

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To use this to calculate your monthly payment amount for a mortgage:

  1. Select one row for calculations;    3 rows are provided for comparisons.
  2. Enter the number of years of the mortgage between 1 and 40.    Most mortgages are for 15 or 30 years.
  3. Enter the interest rate of the loan;    Either .075 or 7.5 format is acceptable.
  4. Enter the loan amount between 100 and 1,000,000;    Do not use the ' $ ' character.
  5. Select Calculate to calculate OR select Clear to reset row and repeat steps 1-5.

 


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