JavaScript Mortgage Calculator v2.1
Copyright © 2005 Henry Olders
This calculator allows you to specify either the amount of each payment, or the amortization in years. Payments can be on a weekly, biweekly, semi-monthly, or a monthly basis. You can specify whether compounding follows the Canadian formula (semi-annually, or 2 compounding intervals per year), or the American (monthly, or 12 compounding intervals per year).
For variable rate mortages, simple interest (no compounding) is usually used, so this option should be selected.
The calculator can generate a table with details of each payment, over terms ranging from 3 months to 10 years, or for the entire amortization interval.
If you find this calculator useful, and especially if it helps you to save money, a contribution would be much appreciated! (10% of the amount you save is suggested). Please send to: Henry Olders, 369 Lansdowne Avenue, Westmount, QC H3Z 2L5, Canada.
Please report any errors to Henry Olders.
Enter Mortgage Information:
Principal amount of the Mortgage (any currency):
Annual rate of interest (%):
Specify EITHER the payment amount OR the amortization interval:
Payment amount:
Repayment interval in years (amortization interval):
Payment frequency:
Compounding:
Start Date for mortgage:	- -
Term:
Payment Information:
Your mortgage starts on and is amortized over (ie would be fully paid off in) years. Your first payment of will be on . During the term of , you will make payments, with the final payment of on . At the end of the term, the balance remaining will be . You will have paid a total of of which , or %, will be interest. This represents % of the principal amount.