Mortgage Calculator

This easy-to-use mortgage calculator will help you estimate the maximum house price and mortgage you can afford, as well as your monthly mortgage payments.


This is the total amount you expect to mortgage. The number in this input area must be entered as a raw number with no commas. For example, $160,000.00 should be entered as 160000 without the dollar sign or comma.


This is the interest rate at which the lending institution will be loaning you the Mortgage Principal. The number in this input area must be entered as a raw number including the decimal point if the interest rate is a fractional integer. For example, 7.25% should be enter as 7.25 without the percentage sign.


This is the number of years your Mortgage will be amortized over. The number in this input area must be entered as a whole number representing the number of years.


This is the number of payments you will make on your mortgage each year. If you expect to be making monthly payments then the number to enter in this input area is 12, one for each month of the year. If you will only be making one annual payment then enter 1 (one) in this input area.


The lending institution will compound the interest on a specific period each year. Normally, the lending institution will compound the interest twice a year. If the lending institution will be compounding the interest more or less than twice a year, enter the appropriate number in this input area.

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