TMI Real Estate

a tradition you can trust ...

Mortgage Calculator

Use our 20 Mortgage calculators to calculate your payments

Annual interest rate (APR)

The yearly cost of a mortgage, including interest, mortgage insurance, and the origination fee (point(s)), expressed as a percentage. Maximum APR is 20%.


Mortgage length (years)

Total length, or term, of your original mortgage in years. The most common lengths are 30 years and 15 years.

Original mortgage amount

The original amount financed with your mortgage. Not to be confused with the remaining balance or principal balance.


Additional monthly payment

Your proposed extra payment per month. This payment will be used to reduce your principal balance.


Scheduled payment

Monthly principal and interest payment (PI) based on your original mortgage amount, term and interest rate.


Accelerated payment

Scheduled payment plus additional monthly payment.


Total savings

Total amount you would save in interest if you made the accelerated payment until your mortgage was paid in full.


Information and interactive calculators are made available to you as self-help tools for your independent use and are not intended to provide investment or real estate loan advice. We can not and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes and as a guide. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.

Back to Buyers                            Back to Home Page