How to us the mortgage
• Enter the length of the mortgage in the "Number of
Months" box. (15 years = 180 months, 20 years = 240 months, etc.).
• Enter the "Interest Rate" in decimal format. (7 1/2 =
7.5, 5 3/8 = 5.375, etc.)
• Enter the "Principal" amount. ($125,000 = 125000,
Click on the "Compute" button.
The results are shown in the "Monthly Payment"
To input new figures, click the 'Reset' button.
The Mortgage Calculator is provided as a free service to our users. No
guarantee, explicit or implied, is made regarding their accuracy or suitability
to a specific purpose.
The result of this calculation should not be taken as a statement of one's
credit-worthiness, but rather a general guideline of industry practices. Use of
the calculator on this site shall constitute acceptance of the terms of this