Loan Payment Size Mortgage Calculator

• Figure out what your payment will be

• See what loan sizes and rates you can afford

• This is the most basic mortgage loan calculator

DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or
it's applicability to your financial situation.  Please consult your own financial advisor.
 

Payment Size Mortgage Calculator Explained

This mortgage calculator will help you decide how much a loan will cost you on a monthly basis and in total.

This mortgage calculator uses:

• loan amount

• interest rate

• number of points

• number of payments

The number of payments is the number of months the loan will take to pay off. A 15 year loan is 180 months, a 30 year loan is 360 months, a 40 year loan is 480 months, a 45 year loan is 540 months, and a 50 year loan is 600 months.

The shorter the timeframe you have your loan frame, the higher your monthly payment will be but you will end up with less interest payments over time. The longer you stretch out your payments the more you will end up paying in interest.