Mortgage Calculator From Bankrate

Mortgage Calculator from Bankrate.
com - Calculate Payments with Ease
1 of 6
http://www.bankrate.com/calculators/mortgages/mortgage-calculator.asp...
Mortgage Calculator
Calculate your monthly mortgage payment using the free calculator below. A house is the largest purchase most
of us will ever make so it's important to calculate what your mortgage payment will be and how much you can
afford. Estimate your monthly payments and see the effect of adding extra payments.
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Amortization Schedule
Date
Payment
Principal
Interest
Total Interest
Balance
July 2016
$3,345.76
$679.09
$2,666.67
$2,666.67
$399,320.91
Aug. 2016
$3,345.76
$683.62
$2,662.14
$5,328.81
$398,637.29
Sept. 2016
$3,345.76
$688.18
$2,657.58
$7,986.39
$397,949.11
Oct. 2016
$3,345.76
$692.77
$2,652.99
$10,639.38
$397,256.34
Nov. 2016
$3,345.76
$697.38
$2,648.38
$13,287.76
$396,558.96
Dec. 2016
$3,345.76
$702.03
$2,643.73
$15,931.48
$395,856.92
Jan. 2017
$3,345.76
$706.71
$2,639.05
$18,570.53
$395,150.21
Feb. 2017
$3,345.76
$711.43
$2,634.33
$21,204.86
$394,438.78
Mar. 2017
$3,345.76
$716.17
$2,629.59
$23,834.46
$393,722.61
April 2017
$3,345.76
$720.94
$2,624.82
$26,459.27
$393,001.67
May 2017
$3,345.76
$725.75
$2,620.01
$29,079.29
$392,275.92
June 2017
$3,345.76
$730.59
$2,615.17
$31,694.46
$391,545.33
July 2017
$3,345.76
$735.46
$2,610.30
$34,304.76
$390,809.88
Aug. 2017
$3,345.76
$740.36
$2,605.40
$36,910.16
$390,069.52
Sept. 2017
$3,345.76
$745.30
$2,600.46
$39,510.62
$389,324.22
Oct. 2017
$3,345.76
$750.27
$2,595.49
$42,106.12
$388,573.95
Nov. 2017
$3,345.76
$755.27
$2,590.49
$44,696.61
$387,818.69
Dec. 2017
$3,345.76
$760.30
$2,585.46
$47,282.07
$387,058.38
Jan. 2018
$3,345.76
$765.37
$2,580.39
$49,862.46
$386,293.01
Feb. 2018
$3,345.76
$770.47
$2,575.29
$52,437.74
$385,522.54
Mar. 2018
$3,345.76
$775.61
$2,570.15
$55,007.89
$384,746.93
April 2018
$3,345.76
$780.78
$2,564.98
$57,572.87
$383,966.15
May 2018
$3,345.76
$785.99
$2,559.77
$60,132.65
$383,180.16
June 2018
$3,345.76
$791.23
$2,554.53
$62,687.18
$382,388.94
July 2018
$3,345.76
$796.50
$2,549.26
$65,236.44
$381,592.44
Aug. 2018
$3,345.76
$801.81
$2,543.95
$67,780.39
$380,790.63
Sept. 2018
$3,345.76
$807.16
$2,538.60
$70,319.00
$379,983.47
Oct. 2018
$3,345.76
$812.54
$2,533.22
$72,852.22
$379,170.93
Nov. 2018
$3,345.76
$817.95
$2,527.81
$75,380.03
$378,352.98
Dec. 2018
$3,345.76
$823.41
$2,522.35
$77,902.38
$377,529.57
Jan. 2019
$3,345.76
$828.90
$2,516.86
$80,419.24
$376,700.67
Feb. 2019
$3,345.76
$834.42
$2,511.34
$82,930.58
$375,866.25
Mar. 2019
$3,345.76
$839.99
$2,505.78
$85,436.36
$375,026.27
April 2019
$3,345.76
$845.59
$2,500.18
$87,936.53
$374,180.68
May 2019
$3,345.76
$851.22
$2,494.54
$90,431.07
$373,329.46
June 2019
$3,345.76
$856.90
$2,488.86
$92,919.93
$372,472.56
July 2019
$3,345.76
$862.61
$2,483.15
$95,403.08
$371,609.95
Aug. 2019
$3,345.76
$868.36
$2,477.40
$97,880.48
$370,741.59
Sept. 2019
$3,345.76
$874.15
$2,471.61
$100,352.09
$369,867.44
Oct. 2019
$3,345.76
$879.98
$2,465.78
$102,817.88
$368,987.46
Nov. 2019
$3,345.76
$885.84
$2,459.92
$105,277.79
$368,101.62
Dec. 2019
$3,345.76
$891.75
$2,454.01
$107,731.80
$367,209.87
6/7/2016 7:22 PM
Mortgage Calculator from Bankrate.com - Calculate Payments with Ease
2 of 6
Date
Payment
Principal
Interest
Total Interest
Balance
Jan. 2020
$3,345.76
$897.69
$2,448.07
$110,179.87
$366,312.18
Feb. 2020
$3,345.76
$903.68
$2,442.08
$112,621.95
$365,408.50
Mar. 2020
$3,345.76
$909.70
$2,436.06
$115,058.01
$364,498.79
April 2020
$3,345.76
$915.77
$2,429.99
$117,488.00
$363,583.03
May 2020
$3,345.76
$921.87
$2,423.89
$119,911.89
$362,661.15
June 2020
$3,345.76
$928.02
$2,417.74
$122,329.63
$361,733.13
July 2020
$3,345.76
$934.21
$2,411.55
$124,741.18
$360,798.93
Aug. 2020
$3,345.76
$940.43
$2,405.33
$127,146.51
$359,858.49
Sept. 2020
$3,345.76
$946.70
$2,399.06
$129,545.56
$358,911.79
Oct. 2020
$3,345.76
$953.02
$2,392.75
$131,938.31
$357,958.77
Nov. 2020
$3,345.76
$959.37
$2,386.39
$134,324.70
$356,999.41
Dec. 2020
$3,345.76
$965.76
$2,380.00
$136,704.70
$356,033.64
Jan. 2021
$3,345.76
$972.20
$2,373.56
$139,078.25
$355,061.44
Feb. 2021
$3,345.76
$978.68
$2,367.08
$141,445.33
$354,082.75
Mar. 2021
$3,345.76
$985.21
$2,360.55
$143,805.88
$353,097.55
April 2021
$3,345.76
$991.78
$2,353.98
$146,159.87
$352,105.77
May 2021
$3,345.76
$998.39
$2,347.37
$148,507.24
$351,107.38
June 2021
$3,345.76
$1,005.04
$2,340.72
$150,847.95
$350,102.34
July 2021
$3,345.76
$1,011.74
$2,334.02
$153,181.97
$349,090.59
Aug. 2021
$3,345.76
$1,018.49
$2,327.27
$155,509.24
$348,072.10
Sept. 2021
$3,345.76
$1,025.28
$2,320.48
$157,829.72
$347,046.82
Oct. 2021
$3,345.76
$1,032.11
$2,313.65
$160,143.37
$346,014.71
Nov. 2021
$3,345.76
$1,039.00
$2,306.76
$162,450.13
$344,975.71
Dec. 2021
$3,345.76
$1,045.92
$2,299.84
$164,749.97
$343,929.79
Jan. 2022
$3,345.76
$1,052.90
$2,292.87
$167,042.83
$342,876.89
Feb. 2022
$3,345.76
$1,059.91
$2,285.85
$169,328.68
$341,816.98
Mar. 2022
$3,345.76
$1,066.98
$2,278.78
$171,607.46
$340,750.00
April 2022
$3,345.76
$1,074.09
$2,271.67
$173,879.13
$339,675.91
May 2022
$3,345.76
$1,081.25
$2,264.51
$176,143.63
$338,594.65
June 2022
$3,345.76
$1,088.46
$2,257.30
$178,400.93
$337,506.19
July 2022
$3,345.76
$1,095.72
$2,250.04
$180,650.97
$336,410.47
Aug. 2022
$3,345.76
$1,103.02
$2,242.74
$182,893.71
$335,307.45
Sept. 2022
$3,345.76
$1,110.38
$2,235.38
$185,129.09
$334,197.07
Oct. 2022
$3,345.76
$1,117.78
$2,227.98
$187,357.07
$333,079.29
Nov. 2022
$3,345.76
$1,125.23
$2,220.53
$189,577.60
$331,954.06
Dec. 2022
$3,345.76
$1,132.73
$2,213.03
$191,790.63
$330,821.33
Jan. 2023
$3,345.76
$1,140.28
$2,205.48
$193,996.10
$329,681.04
Feb. 2023
$3,345.76
$1,147.89
$2,197.87
$196,193.98
$328,533.15
Mar. 2023
$3,345.76
$1,155.54
$2,190.22
$198,384.20
$327,377.61
April 2023
$3,345.76
$1,163.24
$2,182.52
$200,566.71
$326,214.37
May 2023
$3,345.76
$1,171.00
$2,174.76
$202,741.48
$325,043.37
June 2023
$3,345.76
$1,178.80
$2,166.96
$204,908.43
$323,864.57
July 2023
$3,345.76
$1,186.66
$2,159.10
$207,067.53
$322,677.91
Aug. 2023
$3,345.76
$1,194.57
$2,151.19
$209,218.72
$321,483.33
Sept. 2023
$3,345.76
$1,202.54
$2,143.22
$211,361.94
$320,280.79
Oct. 2023
$3,345.76
$1,210.55
$2,135.21
$213,497.14
$319,070.24
Nov. 2023
$3,345.76
$1,218.63
$2,127.13
$215,624.28
$317,851.61
Dec. 2023
$3,345.76
$1,226.75
$2,119.01
$217,743.29
$316,624.86
Jan. 2024
$3,345.76
$1,234.93
$2,110.83
$219,854.12
$315,389.94
6/7/2016 7:22 PM
3 of 6
Date
Payment
Principal
Interest
Total Interest
Balance
Feb. 2024
$3,345.76
$1,243.16
$2,102.60
$221,956.72
$314,146.78
Mar. 2024
$3,345.76
$1,251.45
$2,094.31
$224,051.03
$312,895.33
April 2024
$3,345.76
$1,259.79
$2,085.97
$226,137.00
$311,635.54
May 2024
$3,345.76
$1,268.19
$2,077.57
$228,214.57
$310,367.35
June 2024
$3,345.76
$1,276.64
$2,069.12
$230,283.69
$309,090.70
July 2024
$3,345.76
$1,285.16
$2,060.60
$232,344.29
$307,805.55
Aug. 2024
$3,345.76
$1,293.72
$2,052.04
$234,396.33
$306,511.82
Sept. 2024
$3,345.76
$1,302.35
$2,043.41
$236,439.74
$305,209.47
Oct. 2024
$3,345.76
$1,311.03
$2,034.73
$238,474.47
$303,898.44
Nov. 2024
$3,345.76
$1,319.77
$2,025.99
$240,500.46
$302,578.67
Dec. 2024
$3,345.76
$1,328.57
$2,017.19
$242,517.65
$301,250.10
Jan. 2025
$3,345.76
$1,337.43
$2,008.33
$244,525.99
$299,912.68
Feb. 2025
$3,345.76
$1,346.34
$1,999.42
$246,525.40
$298,566.33
Mar. 2025
$3,345.76
$1,355.32
$1,990.44
$248,515.85
$297,211.02
April 2025
$3,345.76
$1,364.35
$1,981.41
$250,497.25
$295,846.66
May 2025
$3,345.76
$1,373.45
$1,972.31
$252,469.56
$294,473.21
June 2025
$3,345.76
$1,382.61
$1,963.15
$254,432.72
$293,090.61
July 2025
$3,345.76
$1,391.82
$1,953.94
$256,386.66
$291,698.79
Aug. 2025
$3,345.76
$1,401.10
$1,944.66
$258,331.31
$290,297.68
Sept. 2025
$3,345.76
$1,410.44
$1,935.32
$260,266.63
$288,887.24
Oct. 2025
$3,345.76
$1,419.85
$1,925.91
$262,192.55
$287,467.40
Nov. 2025
$3,345.76
$1,429.31
$1,916.45
$264,109.00
$286,038.09
Dec. 2025
$3,345.76
$1,438.84
$1,906.92
$266,015.92
$284,599.25
Jan. 2026
$3,345.76
$1,448.43
$1,897.33
$267,913.25
$283,150.81
Feb. 2026
$3,345.76
$1,458.09
$1,887.67
$269,800.92
$281,692.73
Mar. 2026
$3,345.76
$1,467.81
$1,877.95
$271,678.87
$280,224.92
April 2026
$3,345.76
$1,477.59
$1,868.17
$273,547.04
$278,747.32
May 2026
$3,345.76
$1,487.44
$1,858.32
$275,405.35
$277,259.88
June 2026
$3,345.76
$1,497.36
$1,848.40
$277,253.75
$275,762.52
July 2026
$3,345.76
$1,507.34
$1,838.42
$279,092.17
$274,255.17
Aug. 2026
$3,345.76
$1,517.39
$1,828.37
$280,920.53
$272,737.78
Sept. 2026
$3,345.76
$1,527.51
$1,818.25
$282,738.79
$271,210.27
Oct. 2026
$3,345.76
$1,537.69
$1,808.07
$284,546.85
$269,672.58
Nov. 2026
$3,345.76
$1,547.94
$1,797.82
$286,344.67
$268,124.64
Dec. 2026
$3,345.76
$1,558.26
$1,787.50
$288,132.17
$266,566.37
Jan. 2027
$3,345.76
$1,568.65
$1,777.11
$289,909.28
$264,997.72
Feb. 2027
$3,345.76
$1,579.11
$1,766.65
$291,675.93
$263,418.61
Mar. 2027
$3,345.76
$1,589.64
$1,756.12
$293,432.05
$261,828.98
April 2027
$3,345.76
$1,600.23
$1,745.53
$295,177.58
$260,228.74
May 2027
$3,345.76
$1,610.90
$1,734.86
$296,912.44
$258,617.84
June 2027
$3,345.76
$1,621.64
$1,724.12
$298,636.56
$256,996.20
July 2027
$3,345.76
$1,632.45
$1,713.31
$300,349.87
$255,363.75
Aug. 2027
$3,345.76
$1,643.34
$1,702.42
$302,052.29
$253,720.41
Sept. 2027
$3,345.76
$1,654.29
$1,691.47
$303,743.76
$252,066.12
Oct. 2027
$3,345.76
$1,665.32
$1,680.44
$305,424.20
$250,400.80
Nov. 2027
$3,345.76
$1,676.42
$1,669.34
$307,093.54
$248,724.38
Dec. 2027
$3,345.76
$1,687.60
$1,658.16
$308,751.70
$247,036.78
Jan. 2028
$3,345.76
$1,698.85
$1,646.91
$310,398.61
$245,337.94
Feb. 2028
$3,345.76
$1,710.17
$1,635.59
$312,034.20
$243,627.76
6/7/2016 7:22 PM
4 of 6
Date
Payment
Principal
Interest
Total Interest
Balance
Mar. 2028
$3,345.76
$1,721.58
$1,624.19
$313,658.39
$241,906.19
April 2028
$3,345.76
$1,733.05
$1,612.71
$315,271.09
$240,173.13
May 2028
$3,345.76
$1,744.61
$1,601.15
$316,872.25
$238,428.53
June 2028
$3,345.76
$1,756.24
$1,589.52
$318,461.77
$236,672.29
July 2028
$3,345.76
$1,767.94
$1,577.82
$320,039.59
$234,904.35
Aug. 2028
$3,345.76
$1,779.73
$1,566.03
$321,605.62
$233,124.62
Sept. 2028
$3,345.76
$1,791.60
$1,554.16
$323,159.78
$231,333.02
Oct. 2028
$3,345.76
$1,803.54
$1,542.22
$324,702.00
$229,529.48
Nov. 2028
$3,345.76
$1,815.56
$1,530.20
$326,232.20
$227,713.92
Dec. 2028
$3,345.76
$1,827.67
$1,518.09
$327,750.29
$225,886.25
Jan. 2029
$3,345.76
$1,839.85
$1,505.91
$329,256.20
$224,046.40
Feb. 2029
$3,345.76
$1,852.12
$1,493.64
$330,749.84
$222,194.28
Mar. 2029
$3,345.76
$1,864.47
$1,481.30
$332,231.14
$220,329.81
April 2029
$3,345.76
$1,876.89
$1,468.87
$333,700.00
$218,452.92
May 2029
$3,345.76
$1,889.41
$1,456.35
$335,156.35
$216,563.51
June 2029
$3,345.76
$1,902.00
$1,443.76
$336,600.11
$214,661.51
July 2029
$3,345.76
$1,914.68
$1,431.08
$338,031.19
$212,746.82
Aug. 2029
$3,345.76
$1,927.45
$1,418.31
$339,449.50
$210,819.38
Sept. 2029
$3,345.76
$1,940.30
$1,405.46
$340,854.96
$208,879.08
Oct. 2029
$3,345.76
$1,953.23
$1,392.53
$342,247.49
$206,925.84
Nov. 2029
$3,345.76
$1,966.25
$1,379.51
$343,626.99
$204,959.59
Dec. 2029
$3,345.76
$1,979.36
$1,366.40
$344,993.39
$202,980.23
Jan. 2030
$3,345.76
$1,992.56
$1,353.20
$346,346.59
$200,987.67
Feb. 2030
$3,345.76
$2,005.84
$1,339.92
$347,686.51
$198,981.83
Mar. 2030
$3,345.76
$2,019.21
$1,326.55
$349,013.06
$196,962.61
April 2030
$3,345.76
$2,032.68
$1,313.08
$350,326.14
$194,929.93
May 2030
$3,345.76
$2,046.23
$1,299.53
$351,625.67
$192,883.71
June 2030
$3,345.76
$2,059.87
$1,285.89
$352,911.56
$190,823.84
July 2030
$3,345.76
$2,073.60
$1,272.16
$354,183.72
$188,750.24
Aug. 2030
$3,345.76
$2,087.43
$1,258.33
$355,442.06
$186,662.81
Sept. 2030
$3,345.76
$2,101.34
$1,244.42
$356,686.48
$184,561.47
Oct. 2030
$3,345.76
$2,115.35
$1,230.41
$357,916.89
$182,446.12
Nov. 2030
$3,345.76
$2,129.45
$1,216.31
$359,133.19
$180,316.67
Dec. 2030
$3,345.76
$2,143.65
$1,202.11
$360,335.31
$178,173.02
Jan. 2031
$3,345.76
$2,157.94
$1,187.82
$361,523.13
$176,015.08
Feb. 2031
$3,345.76
$2,172.33
$1,173.43
$362,696.56
$173,842.75
Mar. 2031
$3,345.76
$2,186.81
$1,158.95
$363,855.51
$171,655.94
April 2031
$3,345.76
$2,201.39
$1,144.37
$364,999.88
$169,454.56
May 2031
$3,345.76
$2,216.06
$1,129.70
$366,129.58
$167,238.49
June 2031
$3,345.76
$2,230.84
$1,114.92
$367,244.50
$165,007.66
July 2031
$3,345.76
$2,245.71
$1,100.05
$368,344.56
$162,761.95
Aug. 2031
$3,345.76
$2,260.68
$1,085.08
$369,429.64
$160,501.27
Sept. 2031
$3,345.76
$2,275.75
$1,070.01
$370,499.64
$158,225.51
Oct. 2031
$3,345.76
$2,290.92
$1,054.84
$371,554.48
$155,934.59
Nov. 2031
$3,345.76
$2,306.20
$1,039.56
$372,594.04
$153,628.39
Dec. 2031
$3,345.76
$2,321.57
$1,024.19
$373,618.23
$151,306.82
Jan. 2032
$3,345.76
$2,337.05
$1,008.71
$374,626.95
$148,969.77
Feb. 2032
$3,345.76
$2,352.63
$993.13
$375,620.08
$146,617.15
Mar. 2032
$3,345.76
$2,368.31
$977.45
$376,597.53
$144,248.83
6/7/2016 7:22 PM
5 of 6
Date
Payment
Principal
Interest
Total Interest
Balance
April 2032
$3,345.76
$2,384.10
$961.66
$377,559.18
$141,864.73
May 2032
$3,345.76
$2,400.00
$945.76
$378,504.95
$139,464.74
June 2032
$3,345.76
$2,416.00
$929.76
$379,434.71
$137,048.74
July 2032
$3,345.76
$2,432.10
$913.66
$380,348.37
$134,616.64
Aug. 2032
$3,345.76
$2,448.32
$897.44
$381,245.82
$132,168.32
Sept. 2032
$3,345.76
$2,464.64
$881.12
$382,126.94
$129,703.69
Oct. 2032
$3,345.76
$2,481.07
$864.69
$382,991.63
$127,222.62
Nov. 2032
$3,345.76
$2,497.61
$848.15
$383,839.78
$124,725.01
Dec. 2032
$3,345.76
$2,514.26
$831.50
$384,671.28
$122,210.75
Jan. 2033
$3,345.76
$2,531.02
$814.74
$385,486.02
$119,679.72
Feb. 2033
$3,345.76
$2,547.90
$797.86
$386,283.88
$117,131.83
Mar. 2033
$3,345.76
$2,564.88
$780.88
$387,064.76
$114,566.95
April 2033
$3,345.76
$2,581.98
$763.78
$387,828.54
$111,984.97
May 2033
$3,345.76
$2,599.19
$746.57
$388,575.11
$109,385.77
June 2033
$3,345.76
$2,616.52
$729.24
$389,304.35
$106,769.25
July 2033
$3,345.76
$2,633.97
$711.80
$390,016.14
$104,135.29
Aug. 2033
$3,345.76
$2,651.53
$694.24
$390,710.38
$101,483.76
Sept. 2033
$3,345.76
$2,669.20
$676.56
$391,386.94
$98,814.56
Oct. 2033
$3,345.76
$2,687.00
$658.76
$392,045.70
$96,127.56
Nov. 2033
$3,345.76
$2,704.91
$640.85
$392,686.55
$93,422.65
Dec. 2033
$3,345.76
$2,722.94
$622.82
$393,309.37
$90,699.71
Jan. 2034
$3,345.76
$2,741.10
$604.66
$393,914.03
$87,958.61
Feb. 2034
$3,345.76
$2,759.37
$586.39
$394,500.42
$85,199.24
Mar. 2034
$3,345.76
$2,777.77
$567.99
$395,068.42
$82,421.48
April 2034
$3,345.76
$2,796.28
$549.48
$395,617.89
$79,625.20
May 2034
$3,345.76
$2,814.93
$530.83
$396,148.73
$76,810.27
June 2034
$3,345.76
$2,833.69
$512.07
$396,660.80
$73,976.58
July 2034
$3,345.76
$2,852.58
$493.18
$397,153.98
$71,124.00
Aug. 2034
$3,345.76
$2,871.60
$474.16
$397,628.14
$68,252.40
Sept. 2034
$3,345.76
$2,890.74
$455.02
$398,083.15
$65,361.65
Oct. 2034
$3,345.76
$2,910.02
$435.74
$398,518.90
$62,451.63
Nov. 2034
$3,345.76
$2,929.42
$416.34
$398,935.24
$59,522.22
Dec. 2034
$3,345.76
$2,948.95
$396.81
$399,332.05
$56,573.27
Jan. 2035
$3,345.76
$2,968.61
$377.16
$399,709.21
$53,604.67
Feb. 2035
$3,345.76
$2,988.40
$357.36
$400,066.57
$50,616.27
Mar. 2035
$3,345.76
$3,008.32
$337.44
$400,404.02
$47,607.95
April 2035
$3,345.76
$3,028.37
$317.39
$400,721.40
$44,579.58
May 2035
$3,345.76
$3,048.56
$297.20
$401,018.60
$41,531.02
June 2035
$3,345.76
$3,068.89
$276.87
$401,295.47
$38,462.13
July 2035
$3,345.76
$3,089.35
$256.41
$401,551.89
$35,372.78
Aug. 2035
$3,345.76
$3,109.94
$235.82
$401,787.71
$32,262.84
Sept. 2035
$3,345.76
$3,130.67
$215.09
$402,002.79
$29,132.17
Oct. 2035
$3,345.76
$3,151.55
$194.21
$402,197.01
$25,980.62
Nov. 2035
$3,345.76
$3,172.56
$173.20
$402,370.21
$22,808.07
Dec. 2035
$3,345.76
$3,193.71
$152.05
$402,522.26
$19,614.36
Jan. 2036
$3,345.76
$3,215.00
$130.76
$402,653.03
$16,399.36
Feb. 2036
$3,345.76
$3,236.43
$109.33
$402,762.36
$13,162.93
Mar. 2036
$3,345.76
$3,258.01
$87.75
$402,850.11
$9,904.92
April 2036
$3,345.76
$3,279.73
$66.03
$402,916.14
$6,625.20
6/7/2016 7:22 PM
6 of 6
Date
Payment
Principal
Interest
Total Interest
Balance
May 2036
$3,345.76
$3,301.59
$44.17
$402,960.31
$3,323.60
June 2036
$3,345.76
$3,323.60
$22.16
$402,982.47
$0.00
Mortgage Calculator Help

Using an online mortgage calculator can help you quickly and accurately predict your monthly mortgage payment
with just a few pieces of information. It can also show you the total amount of interest you'll pay over the life of
your mortgage. To use this calculator, you'll need the following information:
If you're getting a mortgage to buy a new home, you can find this number by subtracting your down payment from
the home's price. If you're refinancing, this number will be the outstanding balance on your mortgage.
This is the length of the mortgage you're considering. For example, if you're buying new, you may choose a
mortgage loan that lasts 30 years. On the other hand, a homeowner who is refinancing may opt of a loan that
lasts 15 years.
Estimate the interest rate on a new mortgage by checking Bankrate's mortgage rate tables for your area. Once
you have a projected rate (your real-life rate may be different depending on your overall credit picture) you can
plug it into the calculator.
Select the month, day and year when your mortgage payments will start.
First, click on "Show Amortization Schedule" to use the "Add Extra Payments" functionality of Bankrate's
mortgage calculator to find out how you can shorten your term and net big savings by paying extra money toward
your loan's principal each month, every year or even just one time. To calculate the savings, enter a hypothetical
amount into one of the payment categories (monthly, yearly or one-time) and then see how much interest you'll
end up paying and your new payoff date.
Most people use a mortgage calculator to estimate the payment on a new mortgage, but it can be used for other purposes, too.
Here are some other uses:
Use the "Extra payments" functionality of Bankrate's mortgage calculator to find out how you can shorten your term and net big
savings by paying extra money toward your loan's principal each month, every year or even just one time.
To calculate the savings, click "Show Amortization Schedule" and enter a hypothetical amount into one of the payment
categories (monthly, yearly or one-time) and then click "Apply Extra Payments" to see how much interest you'll end up paying
and your new payoff date.
Show Less
The lower initial interest rate of an adjustable-rate mortgage, or ARM, can be tempting. But while an ARM may be appropriate for
some borrowers, others may find that the lower initial interest rate won't cut their monthly payments as much as they think.
Show More
You can use the mortgage calculator to determine when you'll have 20 percent equity in your home. This percentage is the magic
number for requesting that a lender wave private mortgage insurance requirement.
Show More
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Mortgage Calculator from Bankrate.com - Calculate Payments with Ease

Mortgage Calculator from Bankrate.com - Calculate Payments with Ease

Mortgage Calculator from Bankrate.com - Calculate Payments with Ease

Mortgage Calculator Help

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