This simple mortgage amortization calculator
asks you to enter the outstanding loan amount you owe on your
mortgage, the annual interest rate you are paying and your
payoff goal (15 years, 20 years or 30 years).
mortgage rate calculator
For example here is the
typical output you'd receive:
| Loan Amount: |
$200,000 |
| Interest Rate (APR): |
5% |
| Repayment Period: |
15 years |
Output: |
| Monthly Payment: |
$1,581.59 |
| Total Payment: |
$284,685.71 |
| Total Interest Payments: |
$84,685.71 |
|
