Mortgage Calculator

The time to start planning adjustments to your budget is now, while you're looking for a new home. After all, a new mortgage means your monthly expenses will change. Play with this calculator to see how much different mortgage loan amounts will affect your monthly costs, or whether you can afford to prepay your mortgage and save on the total cost of your loan.
How big will your mortgage be?
$
What interest rate will you pay?
(Check out the latest interest rates here.)
%
How long a loan will you get?
years
What will the start date of your loan be?
What prepayment options are you considering?
Prepayment Amount (enter zero if none):
$
Lump sum payment to be paid after month number (enter zero if none):
 
   
Your monthly payment (or bi-weekly payment, if that was your selection above) is:
$
The total interest to be paid on this loan as is:
$
The average amount of interest you'll pay each Month:
$
How much interest you'll save each month:
$
 
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