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Mortgage Calculators, The Search Resource

Below are three calculators that can assist you in determining mortgage payments and whether refinancing is right for you.

The Mortgage Calculator below is a very easy way to determine how much your monthly or bi-weekly payment will be for a particular loan, based on your interest rate and the term. Just select the year your loan begins and fill in three boxes. That's all there is to it.

You can also get a printable amortization table based on the information you entered in the calculator form. Once your information is computed, click 'Amortize' and a pop up window will appear with the information.

Mortgage Calculator

First Payment Year
Mortgage Amount
Interest Rate  %
Loan Term  Years
Payment Frequency
Payment Amount
Total Interest


You may have asked the yourself: "Should I Buy or Rent?"
The calculator HERE may provide some assistance.


The Interest Only Mortgage Calculator below will calculate how much your monthly payment will be for a particular loan for an interest only mortgage. An interest-only mortgage means you pay only the interest portion of your monthly payment, freeing up for other purposes the amount that would normally go toward paying off the principal.

Just fill in three boxes: Loan Amount, Annual Interest Rate and Loan Term in Years. Then click on the 'Calculate' button.

Mortgage Interest Only Calculator
Loan Amount $
Annual Interest Rate %
Loan Term (Years)
Total Number of Payments
Standard Monthly
Payment Amount $

*Interest-Only Monthly
Payment Amount $
Monthly Cashflow Increase $


The Mortgage Refinancing Calculator below will help you to determine whether or not you should refinance your current mortgage at a lower interest rate. Not only will this calculator calculate the monthly payment and net interest savings, but it will also calculate how many months it will take to break even on the closing costs.

Mortgage Refinancing Calculator
Enter the principal balance of your mortgage:
(call your mortgage lender and ask for the current payoff amount)
Enter the amount of your monthly mortgage payment:
(principal and interest portion only)
Enter the your mortgage's current interest rate:
Enter interest rate you will be refinancing at:
Enter the number of years you will be refinancing for:
Enter the closing costs that will be required for refinancing:
This is how much your monthly payment will be if you refinance:
Monthly Savings:
Number of months to break even on closing costs:
This is how much interest you will pay under your current monthly payment plan:
This is how much interest you will pay under your refinanced monthly payment plan:
This is how much interest you will save if you refinance:
Net Refinancing Savings (interest savings less closing costs):