Mortgage amount calculator

Mortgage amount :
Annual interest rate : %
Duration of the loan : month
Term of loan :

Definitions Interest rate This is the interest rate for your mortgage. This calculator assumes a fixed interest rate for the entire term of 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. Mortgage amount Total amount of your mortgage. Enter this amount to calculate your monthly payment. Monthly payment (PI) Monthly payment (principal plus interest) for your mortgage. Enter your payment amount here to calculate a total mortgage amount. Prepayment frequency This is the frequency, if any, of your mortgage prepayment. Choose 'None' to skip the prepayment calculations. Otherwise you can choose monthly, yearly or a one time prepayment Start with payment number This is the first payment that your prepayment will be applied to. To calculate your prepayment for the entire term of the mortgage leave this entry as zero. Prepayment amount The amount of your prepayment. If this is a recurring prepayment, this is the amount of each occurance. For example if you choose monthly prepayments, this is the extra amount you will prepay on your mortgage each month. Information and interactive calculators are made available to you as self-help tools for your independent use. We can not and do not guarantee their accuracy or their applicability to your circumstances. Using this calculator does not constitute an application for credit and we are not qualifying you for any credit product. We encourage you to seek professional advice from qualified US Bank professionals regarding all personal finance issues. For specific tax advice, see a professional tax service provider.