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Current Interest Rates
Date: Oct 06, 2008
Loan Rate APR
30 Year fixed
6.00%
6.20%
15 Year fixed
5.75%
6.95%
5 Year ARM
6.00%
6.20%
3 Year ARM
5.88%
6.15%

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Mortgage Loan Calculator

My free mortgage loan calculator enables you to test different kinds of mortgage loans including adjustable rate mortgage loans.

Typically you want to set the amortization to 30 years. The term will vary dependent on the kind of loan you are trying to calculate. For example a five year ARM would be a five year term, amortized over 30 years.
Calculating Your Mortgage Payments
My calculator gives you a rough estimate of what your payment could be. I also have a payment calculator on my rates page that you can use to calculate your estimated potential mortgagepayment based on todays mortgage rates and the total amount of your home mortgage loan.
   
 
Amortization (Years) =
Term (Years) =
Yearly Interest Rate (%) =
Principal Amount ($) =
Downpayment (%) =
Downpayment Required ($) =
Mortgage Principal ($) =
Monthly Payment ($) =
Still Owing at End of Term ($) =
 

 

 

 

 

 

 

 

 

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