Mortgage Loan Calculator
Use this calculator to generate an estimated amortization schedule for your current mortgage. Quickly see how much interest you could pay and your estimated principal balances. You can even determine the impact of any principal pre-payments! Press the “Report” button for a full yearly or monthly amortization schedule.
Mortgage Comparison: 15 Years -vs- 30 Years
Determining which mortgage term is right for you can be a challenge. With a 15-year mortgage, you will pay significantly less interest, but only if you can afford the higher monthly payment. Use this calculator to compare these two mortgage terms, and let us help you decide which term is better for you.
*Information and interactive calculators are made available to you as self-help tools for your independent use, and are not intended to provide investment advice. We cannot, and do not, guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.