Pro Tip: Adding even $100/month extra to a $280,000 mortgage loan at 6.75% saves you over $35,000 in interest and pays off the loan 3 years early.
Mortgage Loan Amortization Calculator
Generate a full mortgage loan amortization schedule showing exactly how each payment is split between principal and interest over the life of your loan.
Estimate your home equity loan payment based on your home's value, mortgage balance, and desired loan amount. Ideal for renovations, debt consolidation, or major expenses.
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Up to 85% of available equity
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Monthly Payment
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Available Equity
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Max Borrowable (85%)
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Total Interest
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Total Cost
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LTV After Loan
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Mortgage Loan Refinance Calculator
Compare your current mortgage loan with a refinanced loan to see your monthly savings, break-even point, and total lifetime savings.
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Current Payment
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New Payment
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Monthly Savings
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Break-Even Point
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Total Interest (Current)
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Total Interest (New)
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Mortgage Loan Calculator with Extra Payments
See exactly how extra payments on your mortgage loan accelerate payoff, reduce total interest, and when your loan becomes debt-free — with a full year-by-year comparison.
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Applied in month 1
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Regular Payment
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Interest (No Extra)
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Interest (With Extra)
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Total Interest Saved
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Original Payoff
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New Payoff
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Mortgage Loan Extra Payment Schedule
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Principal Paid
Interest Paid
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Balance (Regular)
VA Mortgage Loan Payment Calculator
Calculate your VA mortgage loan payment including the VA funding fee, property taxes, and insurance. Designed for veterans, active-duty service members, and eligible surviving spouses.
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VA Loan Amount
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Funding Fee
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P&I Payment
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Total Monthly (PITI)
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Total Interest
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Tax + Insurance/mo
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VA Loan Advantage: No PMI required — saving VA borrowers $100–$200/month compared to conventional loans with under 20% down.
FHA Mortgage Loan Calculator
Calculate your FHA mortgage loan payment including the upfront MIP (mortgage insurance premium) and annual MIP — key costs unique to FHA-insured home loans.
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FHA Loan Amount
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Upfront MIP (1.75%)
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P&I Payment
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Annual MIP/Month
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Total Monthly (PITIM)
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Total Interest Paid
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Reverse Loan Mortgage Calculator
Estimate how much you could receive from a reverse mortgage loan (HECM) based on your age, home value, and current mortgage balance. For homeowners 62 and older.
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Available Equity
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Est. Principal Limit
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Pay Off Mortgage
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Net Proceeds Available
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Monthly Draw Option
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Closing Costs (Est.)
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Important: This is an estimate. Actual HECM amounts depend on the HUD lending limit ($1,149,825 for 2024), FHA appraisal, and current 10-year LIBOR rate. Consult an FHA-approved reverse mortgage lender for exact figures.
Mortgage Loan Recast Calculator
Calculate your new mortgage loan payment after a recast — when you pay a lump sum to reduce your principal, and your lender re-amortizes the loan at the same rate and remaining term.
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Current Payment
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New Balance
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New Monthly Payment
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Monthly Savings
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Total Interest Saved
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Break-Even on Fee
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Recast vs Refinance: A mortgage loan recast keeps your current rate and requires no credit check or appraisal. It's ideal when rates have risen since you got your loan. Refinancing makes more sense when current rates are significantly lower than your existing rate.
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Frequently Asked Questions About Mortgage Loan Calculators
How does a mortgage loan payoff calculator work?
A mortgage loan payoff calculator works by taking your remaining loan balance, interest rate, current monthly payment, and any extra payments you plan to make. It then runs a month-by-month amortization — reducing the balance by principal each month — until it reaches zero. This tells you exactly when your mortgage loan will be paid off and how much total interest you'll pay.
How much does an extra $200/month save on a 30-year mortgage loan?
On a $300,000 mortgage loan at 6.75%, adding $200/month extra saves approximately $62,000 in total interest and pays off the loan about 5.5 years early. Use the Extra Payment tab above to run your exact numbers. The savings grow significantly with larger loan balances or higher interest rates.
What is the difference between a home equity loan calculator and a HELOC calculator?
A home equity loan calculator computes a fixed payment for a fixed loan amount drawn as a lump sum — principal and interest are the same every month. A HELOC (Home Equity Line of Credit) calculator works differently: you draw variable amounts, and during the draw period you may pay interest only. Our mortgage home equity loan calculator focuses on the fixed loan structure.
What is a mortgage loan recast, and how does it differ from refinancing?
A mortgage loan recast means you make a large lump-sum payment toward your principal, and your lender re-calculates (re-amortizes) your remaining payments at the same interest rate and original term. Recasting costs only $150–$500 vs. $3,000–$6,000 for refinancing. However, recasting keeps your existing rate — if rates have dropped, refinancing to a lower rate would save more.
What is the VA loan funding fee and how does the VA mortgage calculator include it?
The VA funding fee is a one-time charge ranging from 1.25% to 3.30% of the loan amount, paid to support the VA loan program. Our VA mortgage loan payment calculator adds the funding fee to your loan balance (since it can be rolled in), then computes your P&I payment. Veterans rated 10%+ disabled by the VA are exempt from this fee.
How is an FHA mortgage loan calculator different from a conventional mortgage calculator?
An FHA mortgage loan calculator includes two extra costs: the Upfront Mortgage Insurance Premium (UFMIP) at 1.75% of the loan, and the Annual MIP (typically 0.55% to 1.05%), which is divided into monthly payments. These costs make FHA loans more expensive over time than conventional loans for borrowers with good credit, but FHA allows down payments as low as 3.5%.