amortization calculator

Calculating mortgages can be complex and often frightens many people. Using our simple mortgage calculator will help you compare different scenarios.

Mortgage Amount (principal)
Mortgage Term (years)
Interest Rate
Amortization Term (years)
Payment Frequency
  • Mortgage terms are often shorter than the amortization period (total time to pay off the entire mortgage).
  • For example, entering a 5 year mortgage term with 25 year amortization helps us see the balance after 5 years along with the scenario of all remaining payments assuming the same mortgage terms.