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VIRTUAL BRANCH

Home Mortgage Calculator (Fixed vs Annual)

Notes:
  • Use the "tab" key to move from one field to the next
  • Enter dollar amounts without dollar signs or commas, for example enter $16,000 simply as 16000
  • Enter percentages in decimal form without percent signs, for example enter 8 1/2% as 8.5
Assumptions
  • The calculator shows results for mortgage amounts only, excluding any up-front fees and points as well as required payments for property taxes and insurance, and excluding any tax benefits that may result from itemizing deductions.
  Adjustable: Fixed:
   ($)
   (years)
Interest Rate for Loan:  (%)  (%)
 
 (%)
 (%)
 (%)
Monthly Payments: Adjustable: Fixed:
Total First Monthly Payment:
Total Cost of Loan after 3 Years:
Total Cost of Loan after 7 Years:
Total Cost of Loan after 10 Years:
Total Cost of Loan after 20 Years:
Total Cost of Loan (Held to Original Term):