Mortgage Calculator

- Added Principal Percent of Payment Column

the old version!
the old Mortgage Calculator version!.

Below are some useful mortgage calculators. Once you have locked in the mortgage rates and you know the purchase price of your home residence or commercial real estate enter the info below to see what your payments will be on a monthly basis.
The results will show you an amortization table of your payments.
A mortgage amortization table is the gradual elimination of a liability, such as a mortgage, in regular payments over a specified period of time usually months. Such payments are sufficient to cover both principal and interest. Loan amortization schedules can help you see if you can afford the monthly payments and also shows you how much of your payment goes to the bank.
Using a mortgage amortization chart and loan amortization calculators should be your first step in purchasing real estate.

Change these fields as desired:

Principal Loan Balance

Annual Interest Rate (%)
CANADIANS:Add a C (e.g. 7.75C) and I will use a conversion factor to convert your rates to a boring US equivalent to use in my calculations.

Amortization Length (Years, typically 30 or 15 in US, 25 in Canada)

Starting: Month = Year =

Show full amortization table?

Pre-payment method:

Monthly/Annually/One-Time Principal Prepayment Amount

One-Time Prepayment to be paid after payment (month #)

Display Using

Related Calulators
Convertible Balloon Mortgage Calculator
How Much House Can You Afford?

Below is a usefull chart created by Scott Burns it shows the median net worth of an indivual by age. For example if your 28 years old the median worth is about $5,000 USD. If you have $25,000 your in the top 25% of all people between 20 and 29. remeber your net worth is your assets minus your debts.

The Distribution of Wealth, by Age Group (dollar figures in thousands)

Age Group

Top 1%

Top 5%

Top 10%

Top 25%

Median

80 or older

$2,957.8

$   693.0

$440.0

$252.2

$118.0

70-79

$4,338.1

$1,074.5

$703.4

$316.5

$140.9

60-69

$6,263.4

$1,850.2

$902.8

$356.7

$155.8

50-59

$5,791.7

$1,410.6

$708.8

$326.7

$120.9

40-49

$3,402.7

$   829.0

$531.6

$226.8

$ 86.2

30-39

$1,210.1

$   451.1

$267.5

$127.4

$ 34.7

20-29

$   383.3

$   148.2

$78.3

$ 25.4

$    5.2

Source: The VIP Forum, Corporate Executive Board, 1998 data

Source Scott Burns
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