Find Great Tips &
Strategies Here that the
Banks Won’t Tell You
Reduce Mortgage Interest Payments
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.
- Enter all your monthly figures for each category where applicable.
These categories include credit card debt, auto loan debt, personal loans, real estate loans. We’ve included three additional loan options in case we missed any. Be sure to include the appropriate interest rate and term length for each category. - Enter the details of the new consolidated loan you are considering. Include details such as the loan balance of your new consolidation loan, the monthly payment amount you can reasonably pay, the interest rate or Annual Percentage Rate (APR) and the term of your loan, in months.
Mortgage Loan Calculator
Total amount of your loan.
Payment for this loan.
Annual interest rate for this loan.
Interest is calculated each period on the current outstanding balance of your loan. The periodic rate is your annual rate divided by the number of periods per year.
Number of payments for this loan.
Choose how often payments will be made. The options are weekly (52 payments per year), bi-weekly (26 payments per year) and monthly (12 payments per year).
Total amount of interest that will be paid on this loan. This total assumes all payments are made as scheduled, and there are no prepayments of principal.
Total all payments for this loan. This includes all interest and principal. This total assumes all payments are made as scheduled, and there are no prepayments of principal.
* Information and interactive calculators are made available to you as self-help tools for your independent use and are not intended to provide investment advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Your goals are closer than they appear and a home equity loan can get you to the finish line.
We’re putting our money where our mouth is. Get the lowest rate on your home equity Loan from Capital Direct®, or we’ll give you $500.
