This free mortgage calculator is - a home loan calculating tool that automatically determines the effect of a change in one of the variables in a mortgage agreement. The variables taken into consideration are namely, property purchase price, downpayment, loan term, interest rate and date of first payment. It will help you calculate: whether you can afford the home loan in US; how much the payment amount will be over all time; what is your 30 year mortgage pay off date; what the financial implications of a change in interest rate will be and; what amortization schedule and chart.

Interest rate must be in the range from 0.1 to 50.

Start year must be in the range from 1989 to 2024.

Start month must be in the range from 1 to 12.

Loan term must be in the range from 1 to 2000.

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This mortgage calculator should only be used to estimate your repayments since it doesn't include taxes or insurance.
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