Mortgage Payment Calculator

Calculate your payment or mortgage amount and see how extra payments reduce interest and time to pay off.
Mortgage 1
Mortgage 2
Payment frequency
Mortgage amount
200,000
200,000
Interest rate
5.00
5.00
X
 Input Error: Interest Rate

The maximum value you can enter is 40%.
Amortization (max. 360)
300
300
X
 Input Error: Amortization

The maximum value you can enter is 360.
5.00
5.00
Term
60
60
5.00
5.00
Mortgage payment
471.78
471.78
Extra payment
0.00
0.00
Total payment
571.78
571.78
Chart
Regular Payment
$471.78 		Higher Payment
$571.78
Time to Pay Off 5.0 yrs 4.0 yrs
Total Interest $3307 $2656
Term Interest
Term Balance
Payment Schedule
Payment Schedule

 
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