Mortgage Calculators

Standard Fixed Rate Mortgage Calculator with amortization table.
This mortgage calculator can be used to figure out monthly payments of a home mortgage loan, based on the home’s sale price, the term of the loan desired, buyer’s down payment percentage, and the loan’s interest rate. This calculator factors in PMI (Private Mortgage Insurance) for loans where less than 20% is put as a down payment. Also taken into consideration are the town property taxes, and their effect on the total monthly mortgage payment.

Payment Difference: Fixed Rate vs Intererest Only Mortgage Loans.
What is the difference in payment between a Fixed Rate and an Interest Only loan? Calculate it with this calculator and see what a surprising difference there is.

Amortization Comparison: Fixed Rate vs. Interest Only Loan
Use this calculator to calculate the how much more your principal balance is reduced by continuing to pay your old mortgage payment while on a interest only mortgage loan. (assumes continuation of previous monthly payment)