Pennsylvania Home Buyer

Monthly payment calculator comparison


This loan payment calculator will estimate the mortgage payment for different interest rates and loan amounts. You can compare the loan payment for 5, 10, 15, 20, 30, 35 and 40 year terms. This calculator will also calculate a biweekly and interest only loan payment. Do interest rates matter? Less than you think. Enter the "lower" interest rate in Mortgage Payment 1 and the higher interest rate in Mortgage Payment 2  and click the Compare Payments  box. See the current interest rates below. You can also compare home equity payments with this calculator.

         
Mortgage Payment Calculator
PAYMENT OPTION 1   PAYMENT OPTION 2
Interest Rate   Interest Rate
Term   Term
Mortgage Amount   Mortgage Amount
Annual Real Estate Taxes   Annual Real Estate Taxes
Annual Homeowners Ins   Annual Homeowners Ins
Payment   Payment
 
Compare Payments  
 
 
 
 
Do interest rates matter? Less than you think. Enter the lower interest rate along with the mortgage amount and term in PAYMENT OPTION 1, and the higher interest rate mortgage amount and term in PAYMENT OPTION 2. Click on Compare Payments
 
1. Principal & Interest - Fully amortizing payment ( i.e. principal & interest)
2. Bi-Weekly - 1/2 of the fully amortizing monthly payment paid every two weeks
3. Interest Only - Interest only payment - no principal reduction