Mortgage Calculator and Amortization Table Generator

Principal:
Years:
Interest:
First Payment:
Extra Monthy Principle payment (Optional)
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Calculator Instructions:   
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Conventional loans and/or Mortgages typically have a set or fixed interest rate on the outstanding balance that remains constant for the term of the mortgage. Initially the borrower is paying mainly interest and little is applied to the amount owed.  Each month the amount of interest paid decreases and the amount applied to the principal increases.  This is the most common type of loan issued by mortgage companies and banks.

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Other Real Estate Calculators courtesy of Windsong Realty