Mortgage & Loan Calculator
Enter the amount, rate and term. You get the payment, the total interest, and what an extra payment each period actually saves you.
Runs entirely in your browser โ nothing is uploaded to a server.
Leave at 0 if the amount above is already what you are borrowing.
โPayment
โBorrowed
โTotal interest
โTotal paid
โPaid off in
Where the money goes
Balance at the end of each year, and how the payment splits between interest and principal.
| Year | Interest paid | Principal paid | Balance |
|---|
Frequently asked
Does accelerated bi-weekly really save money?
Yes. It works out to one extra monthly payment per year, which typically cuts several years off a 25-year mortgage.
Is this Canadian or US amortization?
It uses simple monthly compounding on the entered rate. Canadian mortgages compound semi-annually, so a real lender quote can differ by a few dollars a month.