Mortgage Calculators

	Amortization Calculator This calculator will help you determine your monthly mortgage payments. Additionally, it will generate a loan amortization table.

Loan Amount	$
Loan Length	years
Interest Rate	%

 

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Calculator Help

This calculator calculates your monthly mortgage payment for a given loan amount, interest rate and loan length and provides you with detailed amortization table.

The results page will show your monthly mortgage payment which includes principal and interest (P+I), total interest paid if loan is held to maturity, and total cost of loan equal to Interest [?] + Principal [?].

In addition, it will show you detailed amortization table which includes breakdown of each payment into principal and interest. Early mortgage payments consist of higher interest and lower principal but later payments pay more towards principal and less towards interest.

Typically, if your loan-to-value (LTV) [?] is more than 80%, the lenders will require that you obtain private mortgage insurance (PMI) [?], however this calculator does not account for PMI. The reason is that today many lenders offer alternatives programs like 80:10:10 [?] or 80:20 [?] which do not require you to pay PMI.

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