Mortgage Calculator

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Mortgage Calculator
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Mortgage Parameters
Loan amount:	$
Interest rate:	%
Loan term:	years
Property tax:	%
PMI:	%

Mortgage Summary
Amount:	$400,000.00	Payment:	$2,854.49
Term:	30 years	Periods:	360
Total Interest:	$417,616.16	Interest rate:	5.50%
Property Tax:	1.25%	Total tax:	$150,000.00
PMI rate:	0.50%	Total PMI:	$60,000.00

Monthly Versus Bi-Weekly Payments
Monthly:	$2,854.49	Bi-Weekly:	$1,404.81
Total Interest:	$417,616.16	Total Interest:	$334,600.20
Total Interest Savings: $83,015.96
72 months shorter loan

Year	Interest	Principal	Balance
1	21,865.51	5,388.36	394,611.64
2	21,561.57	5,692.30	388,919.34
3	21,240.48	6,013.39	382,905.94
4	20,901.28	6,352.60	376,553.35
5	20,542.94	6,710.93	369,842.41
6	20,164.39	7,089.48	362,752.93
7	19,764.49	7,489.39	355,263.55
8	19,342.03	7,911.85	347,351.70
9	18,895.74	8,358.14	338,993.56
10	18,424.27	8,829.60	330,163.96
11	17,926.21	9,327.66	320,836.31
12	17,400.06	9,853.81	310,982.49
13	16,844.23	10,409.64	300,572.85
14	16,257.04	10,996.83	289,576.02
15	15,636.73	11,617.14	277,958.88
16	14,981.44	12,272.44	265,686.44
17	14,289.17	12,964.70	252,721.74
18	13,557.86	13,696.01	239,025.73
19	12,785.30	14,468.57	224,557.16
20	11,969.16	15,284.71	209,272.45
21	11,106.98	16,146.89	193,125.56
22	10,196.17	17,057.70	176,067.86
23	9,233.98	18,019.89	158,047.97
24	8,217.52	19,036.35	139,011.61
25	7,143.72	20,110.15	118,901.46
26	6,009.35	21,244.53	97,656.93
27	4,810.99	22,442.88	75,214.05
28	3,545.03	23,708.84	51,505.21
29	2,207.67	25,046.20	26,459.01
30	794.87	26,459.01	-0.00

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