Use this simple mortgage calculator to get a handle on your monthly payment. You may want to copy this page URL and keep it handy for future reference.
Just fill in the blanks and click "Calculate" to see the exact monthly payment. You will also learn the total amount you will pay over the life of the mortgage, with and without the down payment included.
One of the best ways to utilize a mortgage calculator is to input different variables and compare the results. If one lender is offering a lower rate, but will only extend the payment period to 20 years, you may find that another lender's terms are more advantageous.
|With monthly payment|
|Average interest each month|
|With bi-Weekly payment|
|Average interest each bi-week|
|With bi-monthly payment|
|Average interest each bi-month|