The Best Mortgage Calculators On the
Web!
Please try my Java loan and mortgage calculators.
They take a minute to load, but they are worth it! Each calculator
has dynamic graphs and charts that change - right before your eyes -
as you enter different information. Each financial calculator also
includes a View Report option. The mortgage repayment schedule and
other reports are fully customizable. These reports are designed for
you to print out and keep...
Monthly Payments &
Schedule
Use this calculator to generate an
amortization schedule for your current mortgage. Quickly see how
much interest you will pay and your principal balances. You can even
determine the impact of any principal prepayments! Press the "View
Report" button for a full yearly or monthly amortization
schedule.
Definitions
- Mortgage amount
- Original or expected balance for your mortgage.
- Interest rate
- Annual interest rate for this mortgage.
- Term in years
- The number of years over which you will repay this loan. The
most common mortgage terms are 15 years and 30 years.
- Monthly payment
- Monthly principal and interest payment (PI).
- Total payments
- Total of all monthly payments over the full term of the
mortgage. This total payment amount assumes that there are no
prepayments of principal.
- Total interest
- Total of all interest paid over the full term of the mortgage.
This total interest amount assumes that there are no prepayments
of principal.
- Prepayment type
- The frequency of prepayment. The options are: none, monthly,
yearly, and one-time payment.
- Prepayment amount
- Amount that will be prepaid on your mortgage. This amount will
be applied to the mortgage principal balance, based on the
prepayment type.
- Start with payment
- This is the payment number that you prepayments will begin
with. For a one time payment, this is the payment number that the
single prepayment will be included in. All prepayments of
principal are assumed to be received by your lender in time to be
included in the following month's interest calculation. If you
choose to prepay with a one-time payment for payment number ZERO,
the prepayment is assume to happen before the first payment of the
loan.
- Savings
- Total amount of interest you will save by prepaying your
mortgage.
The mortgage
calculators are provided by KJE Computer Solutions, LLC and made
available to NUMBER1EXPERT as self-help tools for your independent
use and are not intended to provide investment advice. We can't
guarantee their applicability or accuracy in regards to your
individual circumstances. All examples are hypothetical and are for
illustrative purposes. We encourage you to seek personalized advice
from qualified professionals regarding all personal finance
issues. | 
