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Calculators

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Loan Calculators

  • General Loan Calculator
  • Mortgage Calculators

The loan can be a mortgage, car loan, or any other simple interest amortization over a fixed time with fixed monthly payments.

Principal
Interest
Number of Years:

NOTE: The accuracy of this calculator and its applicability to your circumstances is not guaranteed. You should obtain personal advice from qualified professionals. Permission to use, copy, modify, or distribute this calculator and its documentation for any purpose and without fee is hereby forbidden without prior agreement from Online Resources Corporation. For information on renting or purchasing this or any of our calculators, please contact ORC.

Principal Loan Balance
Annual Interest Rate (%)
Amortization Length
(Years, typically 30 or 15 in US, 25 in Canada)
Starting: Month Year =
Show full amortization table?
Monthly Principal Prepayment Amount
Annual Principal Prepayment Amount
(Enter B here for Bi-weekly Loans)
One-Time Prepayment Amount, to be paid before payment (month #)
Display Using


How much will my mortgage payment be?

Enter the values requested below and the calculator will generate your mortgage payment schedule.

Value Minimum Maximum
Principal
Interest
Number of Years: Output type:


How much house can I afford to buy?

Annual Income
Monthly Debt (Car payments, credit cards, student loan payment etc.)
Cash in hand for down payment
Property tax rate (1% = \$1000/yr for 100K house)
Home Insurance rate (0.5% = \$500/yr for 100K house)
Interest Rate (%)
Length of Loan (years)


How will additional payments change my repayment schedule?

This form allows you to see how prepaying your mortgage reduces the length of your mortgage by putting in the current values for your loan. If you know your current principle balance and principle/interest payment, enter then in fields A1 and A2. Otherwise enter the three values for your loan in B1, B2 and B3. (Original Loan Amount, Month of First Payment, Length of Loan).

Change these fields as desired:

Choose the Option:

A   A1. Current Principle
Balance (if known)		 A2. Current Principle+Int
Monthly Payment

OR

B   B1. Original Principle
Balance (otherwise) 		  B2. Month of First
Payment (otherwise) 		  B3. Length of
Mortgage (Years)
   -   

You fill out the following table for both cases:

Current Annual Interest Rate
Additional Monthly Pre-Payment*
Increase Monthly Payment each year by (%)

* = Enter B here to do a biweekly conversion from here.

NOTE: The accuracy of this calculator and its applicability to your circumstances is not guaranteed. You should obtain personal advice from qualified professionals. Permission to use, copy, modify, or distribute this calculator and its documentation for any purpose and without fee is hereby forbidden without prior agreement from Online Resources Corporation. For information on renting or purchasing this or any of our calculators, please contact ORC.