Mortgage Loan Calculator
Mortgage Loan Calculator Results

Your payment is MONTHLY_PI for TERM years with a rate of INTEREST_RATE.

Mortgage Summary
Loan amountLOAN_AMOUNT
TermTERM years
Interest rateINTEREST_RATE
Monthly paymentMONTHLY_PI
Total paymentsTOTAL_OF_PAYMENTS
Total interestINTEREST_PAID

Prepayment Results

Principal prepayments on your mortgage can save you a great deal of interest. They can also shorten the time it takes to pay off your mortgage, in many cases, by several years. PREPAY_MESSAGE

Prepayment Summary
AmountPREPAY_AMOUNT PREPAY_TYPE
Start with paymentPREPAY_STARTS_WITH 
Total paymentsPREPAY_TOTAL_OF_PAYMENTS 
Total interestPREPAY_INTEREST_PAID 
Interest savingsPREPAY_INTEREST_SAVINGS 

Payment schedule

**REPEATING GROUP**



">
This Financial Calculator requires a Browser with Java applet Support. If you are seeing this message you will need to download SUN's Java Plug-in. This can be done simply, and automatically, by clicking the link below:

Get the Java Plug-in!

Use this calculator to generate an amortization schedule for your current mortgage. Quickly see how much interest you will pay and your principal balances. You can even determine the impact of any principal prepayments! Press the "View Report" button for a full yearly or monthly amortization schedule.

Definitions

Mortgage amount
Original or expected balance for your mortgage.

Interest rate
Annual interest rate for this 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.

Monthly payment
Monthly principal and interest payment (PI).

Total payments
Total of all monthly payments over the full term of the mortgage. This total payment amount assumes that there are no prepayments of principal.

Total interest
Total of all interest paid over the full term of the mortgage. This total interest amount assumes that there are no prepayments of principal.

Prepayment type
The frequency of prepayment. The options are: none, monthly, yearly, and one-time payment.

Prepayment amount
Amount that will be prepaid on your mortgage. This amount will be applied to the mortgage principal balance, based on the prepayment type.

Start with payment
This is the payment number that your prepayments will begin with. For a one time payment, this is the payment number that the single prepayment will be included in. All prepayments of principal are assumed to be received by your lender in time to be included in the following month's interest calculation. If you choose to prepay with a one-time payment for payment number ZERO, the prepayment is assume to happen before the first payment of the loan.

Savings
Total amount of interest you will save by prepaying your mortgage.



Loan approval is not guaranteed and is subject to verification of specific information that is requested at time of application.  Specified rates may not be available for all borrowers.  Rates are subject to change.

California Dept. of Real Estate, Broker #01050210

Cobalt Financial Corporation headquarters:
10935 Vista Sorrento Parkway, Suite 350, San Diego, CA 92130


Randy Erickson Real Estate Investments Inc. 701 7th Street Hermosa Beach, CA 90254
Phone: Fax:

Why Title Insurance? | Why an Inspection? | Title Information | Contact Us | Your FICO score | How Escrow Works | Ahwatukee Rentals | Closing Costs | Tell a Friend | News | Real Estate Glossary | Home | Living Trusts | Site Map | Loan Application | The Loan Process | Fixed vs. Adjustable | Improve Your Credit Score | Should you buy points? | Financing Closing Costs | When to get Qualified | When to Refinance | Loan Application Info | What is a credit score? | Rate Lock Periods | Rates and A.P.R. | Refinancing Options | Getting an Appraisal | ARM Calc | Fixed Rate Mtg Calc | 15 vs 30 Year Mtg Calc | ARM vs Fixed Rate Calc | Required Income Calc | Rent vs Buy Calc | Refi Breakeven Calc | Mortgage Calculators | Customer Login | Debt-to-Income Ratios

Copyright © 2009 Randy Erickson Real Estate Investments Inc.
Portions Copyright © 2009 a la mode, inc.
Another XSite by a la mode, inc. | Admin Login| Terms of UseSite Map