Mortgage Payment Calculator

This is a simple calculator for determining mortgage payments with down payments of 5%, 10%, 15% and 20% of the purchase price respectively. Naturally, a lower down payment produces a higer payment, but it increases your leverage.

To use this calculator, simply input the the purchase price, the amortization period in years, and the annual interest rate (please enter a rate between 2% and 20%). Then press "Calculate". If you want to make a new calculation, press "Reset" before entering all the information. The results are rounded to the nearest dollar.

Mortgage Information

The price of your purchase
Length of Mortgage in Years
Annual Interest Rate %

Mortgage Payment

Down Payment Payment
Monthly Fortnightly Weekly