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Mortgage payment calculator

The first step in buying a home is knowing how much of a mortgage you can afford. Use our Mortgage Calculator tool to adjust payment frequency, term, amortization and more to find the payment schedule that works for you.

Mortgage Information

Purchase Price*

$

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Down Payment

$

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Payment Frequency

Field is invalid, must be a number

%

Field is required

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To add extra payments to your payment schedule, click here

Extra Payments

Extra payments can save you interest and time. Find out how fast you can pay off your mortgage by including extra payments.

Extra Payment

$

Field is invalid, must be a number

Field is invalid, must be a number

Annual Payments

Annual payments are payments you make on top of your regular payments to help you pay down your mortgage faster, with less interest.

Extra Annual Payment

$

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Payments

{{ output.payment_amount | currency 0 | thousands }}
Total Mortgage

{{ output.updated_principal | currency 0 | thousands }}
Interest Rate

{{ output.rate }}%

Total Interest Savings from Extra Payments*

{{ output.interest_savings | currency 0 | thousands }}

*Assuming full amortization period and interest rate indicated above

View this mortgage schedule as a

Graph
Table

Current

Accelerated

Payment #	Payment	Extra Payment	Extra Annual Payment	Interest	Principal	Balance
{{payment[0].payment_number}}	{{payment[0].payment_amount \| currency 0 \| thousands}}	{{payment[0].lump_sum \| currency 0 \| thousands}}	{{payment[0].lump_sum_annual \| currency 0 \| thousands}}	{{payment[0].interest_from_payment \| currency 0 \| thousands}}	{{payment[0].principal_from_payment \| currency 0 \| thousands}}	{{payment[0].outstanding_balance \| currency 0 \| thousands}}

Looking to discuss your options?

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We want you to use and enjoy our website, but it is important that you understand:

This calculation is based on the accuracy and completeness of the data you have entered, is for illustrative and general information purposes only, and is not intended to provide specific financial or other advice, and should not be relied upon in that regard. You should speak with an Educators Financial Group Financial Specialist, or your professional accountant before making a final decision to ensure any strategy meets your overall financial needs and that your personal circumstances have been taken into account.

Educators Financial Group does not make any express or implied warranties or representations with respect to any information or results in connection with the calculator. Educators Financial Group will not be liable for any losses or damages arising from any errors or omissions in any information or results, or any action or decision made by you in reliance on any information or results. Commissions, trailing commissions, management fees and expenses may all be associated with mutual funds. Please read the prospectus before investing. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.