Payment / Amortization Calculator
Use this mortgage calculator to help you understand your monthly payment for a fixed rate mortgage or an adjustable rate mortgage. This tool requires you to input the Loan Amount, Interest Rate, Loan Term, Loan Type (fixed rate mortgage or adjustable rate mortgage) and the beginning month and year of the first mortgage payment. You can use this tool to better estimate your monthly mortgage payment by adjusting each of the above variables to see how your mortgage payment may increase or decrease. This mortgage calculator also acts as an amortization calculator and the output will break down the principal and interest in each payment. The information from this calculator could also be useful for individuals who want to understand the potential size of the mortgage interest deduction that could be taken for interest paid against the mortgage. If you need any assistance interpreting the results of this mortgage calculator, please call one of our Mortgage Loan Officers at 800-724-0004.
Talk to a Loan Specialist Today
We want you to feel confident about purchasing or refinancing your home. Our experienced loan specialists are here to answer any questions or to address any concerns you may have. Get in touch today to lock in your custom rate or to begin the application process.