Silverton Realty

Mortgage
Calculator


# of
Years

Interest
Rate

Principal

 

Monthly
payment

 =

 =

 =


Note: This calculator requires a Java enabled browser.



To use this to calculate your monthly payment amount for a mortgage:

  1. Select one row for calculations;   3 rows are provided for comparisons.

  2. Enter the number of years of the mortgage between 1 and 40.   Most mortgages are for 15 or 30 years.

  3. Enter the interest rate of the loan;   Either .075 or 7.5 format is acceptable.

  4. Enter the loan amount between 100 and 1,000,000;   Do not use the ' $ ' character.

  5. Select Calculate to calculate OR select Clear to reset row and repeat steps 1-5.


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