Enter your information in the boxes below. Please do not include commas or dollar signs. When you click "Calculate," the amortization schedule will appear below.
Help with terms used on the calculator

Purchase Price
The total price for the house you wish to buy.
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Down Payment
The amount of the down payment you will pay directly to the seller.
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Loan Amount
The Purchase Price minus the Down Payment. In this calculator, it is calculated automatically when you fill in a purchase price and a down payment.
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Interest Rate
The interest rate the bank will charge you for your loan. In this calculator, you do not have to include the % sign.
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ARM Cap
If you have an Adjustable Rate Mortgage, this is the lifetime cap for your interest rate (i.e. if you have a cap of 5%, then your interest rate cannot go above or below 5% of the original interest rate.) In this calculator, you do not have to include the % sign.
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Number of Years
The number of years (usually 15 or 30) that your mortgage will last.
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Calculate
When you press the Calculate button, the calculator will calculate the monthly mortgage payment for your loan, as well as an amortization schedule (which shows you how much interest and principal you pay off each year). Results display below the calculator. Please do not use commas, decimal points, or dollar signs.
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Monthly Payment
The monthly payment is principal and interest only. The estimated payment amount does not reflect the amounts to be paid into escrow, such as taxes or insurance.
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