Payment & Amortization
The payment & amortization calculator is used to calculate your expected payment based upon the interest rate and loan amount entered. It also displays how much of your monthly mortgage payment will go toward principal and interest over the life of your loan. Other factors also need to be taken into consideration, such as your taxes, your insurance, and your PMI, all of which are included in your monthly house payment.
Enter your inputs into the white boxes. Complete Steps 1 – 4, then click Calculate to generate your customized results.
The calculated results are intended for illustrative purposes only and accuracy is not guaranteed. The default figures shown are hypothetical and may not be applicable to your personal situation. Be sure to consult a financial professional with your unique scenario concerning all of your financing options prior to relying on these results.