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Mortgage Calculator

First and foremost special thanks to usmortgagecalculator.org for the use of this great amortization calculator located above on this website, Mortgage-Calculator.us Using this Mortgage Calculator / Mortgage Payment Calculator you can find out exactly how much the monthly payment will be on your home loan or refinance.

Amortization Calculator

This useful amortization calculator allows you the ability to quickly and easily calculate the monthly payment based on different variables with the ability to make changes to the loan amount, interest rate, or amortization period. In addition to calculating the Monthly Payment you are also provided with a breakdown that will show you the Total Interest Payable as well as the Total of Payments (Principal + Interest) there is also a pie chart included to give you a good visual of the break-up of the total payment.

Helpful Home Loan Tips

The above amortization calculation also does not do include the following costs; recurring costs associated with home ownership (e.g., utilities, home warranty, home maintenance costs etc.) nor does it factor in savings such as tax deductions on your mortgage payments.
Several recurring expenses will change over the lifetime of home ownership due to home value changes, inflation and other factors. Some expenses (e.g., property taxes, homeowner's insurance etc.) will continue even after you have paid off your loan. You should consider all these factors, especially when making a rent vs. buy decision.
A few costs will change over the lifetime of home ownership. Several or at least a few costs (e.g., property taxes, home owners insurance, etc.) will proceed to even after you have paid off your home. You ought to consider every one of these components, particularly when making a lease (rent, etc.) versus home purchase choice.
When purchasing a home the difference between the home value and the mortgage amount is what is known as or considered your down payment.
The above calculator does not factor in property taxes or home owners insurance these are factors you need to consider when determining how much you can afford monthly even if these payments may not be paid on a monthly basis.
You may have one time expenses to consider that you may or may not be including in your loan or paying upfront out of pocket such as One-time expenses can include closing costs (including discount points if any point were taken) as well as any money spent or to be spent on repairs or renovation of the home you are purchasing.
If you chose to make Bi-weekly payments rather than monthly payments this will result in helping to reduce your total interest cost as well as accelerating your mortgage payoff date. Keep mind typically any one time payments (extra payments) applied towards the principal of the loan will help reduce the loan tenure but not the monthly payment.

Mortgage Payment Calculator

We hope that you find the information provided on this website useful and the amortization calculator helpful and quick and easy to use. If you like this website please remember to add it to your favorites and share it on social media using the icons located at the top center of this website, Mortgage-Calculator.us We here at Mortgage Calculator would like to take the time to recommend the site www.BankRate.com as a site that we found to be very useful  when trying to find the best as well as lowest rates when searching for a home loan there are many tools, hints, and information on this website that is very valuable to anyone looking to purchase a home, find the best interest rates or just looking to learn more about home loans. This site also contains many calculators and interest rates information including car payments, cd rates, personal loans, credit cards, savings / checking accounts, and much more. The site www.zillow.com  can be useful when trying to find properties for sale and the site also contains many calculators that can be helpful as well. The site also shows estimated home worth or what they call a Zestimate as well as links to local realtors in your area if you are not already working with a realtor. Other information on Zillow includes but is not limited to Price / Tax History, Neighborhood Information, Home Expenses, Nearby Schools, and more. As always be sure to do your own due diligence. We hope you find our website as well as the ones above which we are not affiliated with very useful.

Loan Payment Calculator

A loan payment calculator allows you the ability to figure out what is known as a loan amortization schedule which is another way of referring to the number and size of monthly payments you will make to pay off a loan. The amortization calculator found on this website above is typically used to calculate home mortgage or auto loans.


Break-up of Principal & interest

One of the feature we here at the website, Mortgage Calculator find particularly useful with the amortization calculator above is the break-up of the total payment that shows exactly how much interest will be paid over the course of the loan. The total interest payable changes as you change variables such as Loan Amount, Interest Rate, and or Amortization Period.

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Special thanks to Styleshout for this template.

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Last Updated: June 6, 2017