Mortgage Payment Calculator |  |  |  |  |  | © 2008 Vertex42 LLC | --- |
http://www.vertex42.com/Calculators/mortgage-payment-calculator.html |  |  |  |  |  | Help |  |
| Compound Period | 12 | Enter 12 for US mortgages and 2 for Canadian mortgages. |  |  |  |  |
| Mortgage Information | Option #1 | Option #2 | Option #3 | Option #4 | Option #5 |  |
| Loan Amount | 150,000 |  |  |  |  |  |
| Annual Interest Rate | 6.000% |  |  |  |  |  |
| Term of Loan (in Years) | 30 |  |  |  |  |  |
| PAYMENT |  |  |  |  |  |  |
| Monthly Interest Rate | 0.5 | --- | --- | --- | --- |  |
| Monthly Payment (PI) | 899.33 | --- | --- | --- | --- |  |
| Extra Monthly Payment |  |  |  |  |  |  |
| Total MONTHLY PAYMENT | 1199.33 | --- | --- | --- | --- |  |
| TOTALS |  |  |  |  |  |  |
| Number of Payments | 360 | --- | --- | --- | --- |  |
| Number of Years to Payoff | 30 | --- | --- | --- | --- |  |
| Total Payments | 431758.8 | --- | --- | --- | --- |  |
| Total INTEREST | 281758.8 | --- | --- | --- | --- |  |
| BALANCE at Year … | 1 | 1 | 1 | 1 | 1 |  |
| Outstanding Balance | #VALUE!: undefined | #VALUE!: undefined | #VALUE!: undefined | #VALUE!: undefined | #VALUE!: undefined |  |
| Interest Paid | --- | --- | --- | --- | --- |  |
| Original Down Payment | 10,000 |  |  |  |  |  |
| EQUITY | --- | --- | --- | --- | --- |  |
Caution: Results are only estimates. Interest rates may vary, values may be |  |  |  |  |  |  |  |
off due to rounding, and the calculator does not take into account fees, closing |  |  |  |  |  |  |  |
costs, property tax, mortgage insurance, tax deductions, etc. |  |  |  |  |  |  |  |
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