Mortgage Loan Calculator

Mortgage Loan Calculator

Use this calculator to generate an estimated amortization schedule for your current mortgage. Quickly see how much interest you could pay and your estimated principal balances. You can even determine the impact of any principal prepayments! Press the "View Report" button for a full yearly or monthly amortization schedule.

This Financial Calculator requires SUN's Java Plug-in. If you see this message you will need to download SUN's Java Plug-in. This can be done automatically by clicking the yellow bar at the top of your browser and choosing Install ActiveX Control.

    You can also get SUN's Java Plug-in here: Get the Java Plug-in!

    For more information about this Plug-in please visit: SUN's Java Plug-in
    For more information these financial calculators please visit: Financial Calculators from KJE Computer Solutions, LLC

Definitions

Mortgage amount
Original or expected balance for your mortgage.

Term in years
The number of years over which you will repay this loan. The most common mortgage terms are 15 years and 30 years.

Interest rate
Annual fixed interest rate for this mortgage.

Monthly payment
Monthly principal and interest payment (PI).

Total payments
Total of all monthly payments over the full term of the mortgage. This total payment amount assumes that there are no prepayments of principal.

Total interest
Total of all interest paid over the full term of the mortgage. This total interest amount assumes that there are no prepayments of principal.

Prepayment type
The frequency of prepayment. The options are: none, monthly, yearly, and one-time payment.

Prepayment amount
Amount that will be prepaid on your mortgage. This amount will be applied to the mortgage principal balance, based on the prepayment type.

Start with payment
This is the payment number that your prepayments will begin with. For a one time payment, this is the payment number that the single prepayment will be included in. All prepayments of principal are assumed to be received by your lender in time to be included in the following month's interest calculation. If you choose to prepay with a one-time payment for payment number ZERO, the prepayment is assumed to happen before the first payment of the loan.

Savings
Total amount of interest you will save by prepaying your mortgage.

Information and interactive calculators are made available to you as self-help tools for your independent use and are not intended to provide investment advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.


Metro First Realty               

          North Office                                  South Office

3232 W. Britton Road, Suite 277                              1624 Greenbriar Place, Suite 300

Oklahoma City, OK  73120                                       Oklahoma City, OK  73159

Office 405-242-4004                                                   Office 405-703-1333

Fax  405-242-4005                                                      Fax  405-703-1323

 

 

            Edmond                                        Midwest City

          177 W. 15th Street                                                       600 W. Boeing, Suite A

               Edmond, OK  73013                                                   Midwest City, OK  73110

               Office  405-348-9700                                                  Office  405-455-1036

               Fax  405-285-4242                                                      Fax  405-455-2581

 

          One Western Plaza Office             Norman

                5500 N. Western, Ste 285                                          1624 Greenbriar Pl, Ste 300    

                Oklahoma City, OK  73118                                       Oklahoma City, OK  73159

                Office  405-753-4477                                                  Office  405-703-1333                         

                Fax  405-753-4488                                                       Fax  405-703-1323

 

 

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