Mortgage Payment Calculator

Calculate your monthly mortgage payments, view amortization schedules, and see how prepayments can reduce your loan term and interest costs.

Loan Details

Mortgage Amount

Interest Rate

Amortization Period

years

Start Date

Prepayment Method

Prepayment Amount

Prepayment After Month

Your monthly payment will be

$751.27

for a 30-year mortgage at 8.25%

$170,455.98

Total Interest

$270,455.98

Total Payment

Aug 2055

Payoff Date

$473.49

Avg Monthly Interest

Amortization Schedule

Payment Breakdown

Year	Interest	Principal	Balance
1	$8,297	$1,555	$98,445
2	$8,158	$1,694	$96,751
3	$8,003	$1,850	$94,901
...	...	...	...
30	$840	$23,512	$0

Payment breakdown chart will appear here

Mortgage Amount: Enter the total amount of your loan (principal)
Interest Rate: Enter the annual interest rate for your mortgage
Amortization Period: Typically 30 or 15 years in the US, 25 in Canada
Start Date: Select when your mortgage payments will begin
Prepayment Options: See how additional payments can reduce your loan term and total interest

None: No additional payments
Monthly: Pay a fixed extra amount each month
Annually: Make one additional payment each year
Bi-weekly A: 26 half-payments per year (equivalent to 13 monthly payments)
Bi-weekly B: Make full additional payment once each year
One Time: Make a single additional payment after a specified number of months