Easy Home Mortgage Payment Calculator

Easy Home Mortgage Payment Calculator

My Home Mortgage Payment Calculator is the only mortgage calculator you'll ever want again. Once you start playing with it, you'll find it hard to stop.

Kate's Home Mortgage Payment Calculator

Click here or on the picture of the orange calculator. Another window will open. Start using the calculator to save money on your mortgage. It's that easy!

Follow these tips to begin with. The more you use my calculator, the more uses you'll find for it. Okay, let's have some fun! Start with a mortgage amount of $250,000, a 30 year term, 6% interest rate, which gives a monthly mortgage payment of $1498. Right below in "Prepayments", enter $125 a month which is approximately 1/12 of the mortgage payment. It's also equal to about one extra mortgage payment a year. Click "Calculate" and then "View Report".

See your savings! The mortgage pays off about 5 years early with over $61,000 saved in mortgage interest. Wow!

Look here for daily mortgage rates, in an easy to read chart. No need to hunt through multiple websites searching for current home mortgage rates. Rates are updated every Thursday.

Kate's Fixed Rate Mortgage Calculator

Now try this! Click here or on the picture of the orange calculator again. Use the same figures but this time enter $250 in "Prepayments". Remember to click "Calculate" and then "View Report". You'll see the mortgage pays off almost 10 years early with a savings of about $100,000 in mortgage interest.

Go ahead! Play around with it. It's fun. Try out my easy mortgage calculator. You'll probably want to share it with friends. Please do! After all, now it's your fixed rate mortgage calculator.