Mortgage Calculator -- Ridiculously easy to use.
Built for every-day professional use by loan officers and real estate agents, but easy enough for everyone to use! -- Enter Loan Amount, Interest Rate, Number of Months, and hit "Payment" for instant result.
Quickly share results by SMS text message or email.
Can also easily reverse-calculate loan terms -- enter any 3 loan terms (Loan Amount, Interest Rate, Number of Months, and Payment), and instantly calculate the 4th.
Calculates car and auto loans too! Also fully functional simple basic calculator.
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Example #1 -- What will my monthly payment be?
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Calculate monthly payment for $120,000 loan, 4% interest, 30 years (360 months):
√ Enter 120000. Click "Loan Amount".
√ Enter 4. Click "Interest Rate %".
√ Enter 360. Click "Term Months".
√ Click "Payment" to calculate monthly payment.
Result shows $572.90 per month.
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Example #2 -- How fast will I pay off my loan?
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I owe $140,000 and my interest rate is 4.25%. I am paying $1000 per month.
How long until it's paid in full?
√ Enter 140000. Click "Loan Amount".
√ Enter 4.25. Click "Interest Rate %".
√ Enter 1000. Click "Payment".
√ Click "Term" to calculate how long it will take to pay in full.
Result shows 16 years and 2 months.
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Example #3 -- How big of a loan can I afford?
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The bank's interest rate on a 20-year loan is 3.75%, and I can afford $1250 per month.
How big of a loan can I get?
√ Enter 240. Click "Term".
√ Enter 3.75. Click "Interest Rate %".
√ Enter 1250. Click "Payment".
√ Click "Loan Amount" to calculate the loan I can get.
Result shows 210,832.29.
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Example #4 -- Calculate the current interest rate on a loan.
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I know I pay $960 per month and that I have been in my 30-year loan for about 4 years.
My loan balance is about $132000.
√ I have about 26 years left on the loan. How many months is that?:
√ Enter 26. Click "*" (multiply). Enter 12. Click "=" (equals).
√ Result shows 312. Click "Term Months" to input that as months remaining.
√ Type 960. Click "Payment".
√ Type 132000. Click "Loan Amount".
√ Click "Interest Rate %" to calculate the interest rate.
Result shows 7.4675%.
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No ads.
No in-app purchases.
Ever.
