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Mortgage Amortization Calculator

This calculator will help you to determine your savings if you make larger monthly payments.

Loan Information

Amount
$
Interest Rate
%
Length
years

Considered Monthly Payment

Monthly Payment
$

Original Payment $1,342.05
New Payment $1,304.12
New Length of Loan 32 Years 2 Months

If you start to pay more or less toward your mortgage each month than the original payment amount, you can save or add a number of years to the length of your mortgage. Even the difference of just $40 can save you a couple of years or add a couple years to the length of your payment.

If you took out a mortgage loan for $250,000.00 with a 5.000% interest rate, for example, you could expect to pay $1,342.05 per month. If you change your payment to $1,304.12, however, you will have to pay on your mortgage for 32 year(s) and 2 month(s) instead of 30 years.

DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or it's applicability to your financial situation. Please consult your own financial advisor.

We have many other Mortgage Calculators for you to use.

Make sure you register to receive my Free Homebuying Guide and Insider Mortgage Reports, browse my Resources section, fill-out a FREE No-Obligation Secure Online Loan Application, or call me in my North Palm Beach, Florida office at 561-316-6800. I am here to help you with all your mortgage needs.



CONTACT
Approval Hotline: 561-316-6800
www.ChristianPenner.com 
www.AmericasMortgageSolutions.com
TheMortgageTeam@ChristianPenner.com

BRANCH ADDRESS
The Christian Penner Mortgage Team,
712 US Highway One, Suite 300 North Palm Beach, FL 33408


Click here to view our current licensing information as listed on NMLS® Consumer Access.

FRANKLIN FIRST FINANCIAL, LTD. 538 BROADHOLLOW RD, STE. 401 MELVILLE, NY 11747
IS A LICENSED MORTGAGE BANKER-NYS DEPT OF FINANCIAL SERVICES.
LICENSE #107407 NMLS #1630, HUD APPROVED TITLE II NON-SUPERVISED LENDER #17895-0000-0.
FRANKLIN FIRST FINANCIAL IS NOT ACTING ON BEHALF OF OR AT THE DIRECTION OF HUD/FHA OR THE FEDERAL GOVERNMENT.
ALL LOANS ARE SUBJECT TO CREDIT & APPRAISAL APPROVAL.
PROGRAMS, RATES, TERMS, AND CONDITIONS ARE SUBJECT TO CHANGE WITHOUT NOTICE.
OTHER RESTRICTIONS MAY APPLY. THIS IS NOT A COMMITMENT TO LEND