Mortgage Calculator With Report

A mortgage calculator is a tool used to calculate the monthly mortgage payment for a home loan. It can also help to estimate the total home value of a property, which was bought with an existing loan.

As mortgage calculators have evolved into elaborate tools that can do multiple calculations and calculations based on different scenarios, they are now a necessity in the residential real estate market. The benefits of using them are that they help borrowers to understand how much their monthly payments will be on their mortgage and what potential future costs could be.

They help new homeowners avoid wasting money on expensive mortgages by making sure they get the right amount of house for their budget. They also showcase the potential savings that buyers could make over time by buying a more affordable property while still paying off their loan in full.

Mortgage calculators can be more helpful than you think at times. They can provide a breakdown of what monthly payments will be and how much you can save over time with your mortgage.

Mortgage calculators are also a great way to compare the cost of different kinds of mortgages. With just a few clicks, you can see which loan option works best for you!


Use this mortgage calculator to calculate your monthly payment and an estimated amortization schedule. See how much interest you could pay and your estimated principal balances in a flash. Enter your prepayment amounts to see how they will affect your mortgage.

By changing any value in the following form fields, calculated values are immediately provided for displayed output values. Click the view report button to see all of your results.
Monthly Payment:
Report Amortization:
Report Amortization
Please view the report to see detailed results in tabular form.
Please view the report to see detailed results in tabular form.

Mortgage Calculator Definitions

Mortgage Amount

Your mortgage's original or expected balance.

Term in Years

The number of years it will take you to repay this loan. The most common loan terms are 15 and 30 years.

Interest Rate

This mortgage's annual fixed interest rate.

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 monthly payments made over the life of the loan. This total payment amount is based on no principal prepayments.

Prepayment Type

The frequency with which prepayment is made. There are four payment options: none, monthly, yearly, and one-time payment.

Prepayment Amount

The amount you will pay off your mortgage. Based on the type of prepayment, this amount will be applied to the mortgage principal balance.

Start With Payment

Your prepayments will begin with this payment number. This is the payment number that the single prepayment will be included in for a one-time payment. All principal prepayments are assumed to be received by your lender in time to be included in the interest calculation for the following month. If you choose to prepay with a one-time payment for payment number zero, the prepayment is assumed to occur prior to the loan's first payment.


The total amount of interest saved by prepaying your mortgage.

Report Amortization

Choose how your payment schedule will be displayed in the report. Payments and balances will be summarized annually. Monthly will display all payments for the entire term.

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