Amortization Calculator

The Amortizing Loan Calculator will allow you to enter the monthly mortgage payment to figure out or calculate the loan amount. On the other hand, you can also enter the loan amount and the Amortizing Loan Calculator will calculate the monthly mortgage payment.

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Amortize your qualifying loan amount
You can figure out the maximum amount for which you will qualify. You will be able to determine the monthly loan, annual payments towards property tax, home insurance and Private Mortgage Insurance (PMI). There is also an amortization sheet providing the payment schedule for the entire loan term.
Purchase Information		Payment Information
Purchase Price		Annual Property Taxes	%$
Down Payment	%$	Annual Home Insurance	%$
Annual Mortgage Rate (% per annum)		Annual PMI	%$
Length of the Mortgage (Years)		Monthly Association Fees
Qualifying Information
Gross Income Annually Monthly
Monthly Debt Payments
Qualifying Loan Amount
Qualify for Loan?		Maximum Qualifying Loan Amount ($)
Other Information
Down Payment ($)		Monthly Property Taxes ($)
Loan Amount ($)		Monthly Home Insurance ($)
Monthly Principal & Interest ($)		Monthly PMI ($)
Income-to-Payment Ratio (Max. 28%)		Monthly Payment (PITI)
Debt-to-Income Ratio (Max. 36%)		Tax Deductable Portion of Payment ($)

More Information

An amortization schedule for a mortgage helps a borrower see how the monthly mortgage payments that they make are applied to their principal balance of the mortgage, and how much is applied towards the interest paid on the mortgage. An amortized mortgage has equal monthly mortgage payments, so when the term of the mortgage comes to an end, the mortgage is paid in full. For example, a 30-year fixed mortgage is amortized over a 30-year period so that the equal monthly payments paid over the 30 years will pay off all of the interest and principal balance of the mortgage so that the remaining balance is $0.