Calculators

Mortgage Calculator

Use our Mortgage Calculator to help you determine the financing for a mortgage that you potentially qualify for.

These calculations are based on standard guidelines that lenders use to determine loan amounts that borrowers are eligible to receive. The factors used to determine how much money may be financed include income, total mortgage payments, and total debt payments.

The Mortgage Calculator will display the results along with an optional payment schedule.

Term Information
Interest Rate of Loan:     %
Term of Loan:          Months Years
Payment Frequency  Bi-weekly
Monthly
Monthly Gross Income:  $ 
Other Monthly Mortgage Expenses
Private Mortgage Insurance (PMI):  $ 
Real Estate Taxes:  $ 
Home Insurance:  $ 
Homeowners, Condo / Co-op Maintenance:  $ 
Monthly Debt Expenses
Total Car Payments:  $ 
Total Credit Card Payments:  $ 
Total Other Monthly Debt Payments:  $ 

Payment Schedule
(show the dollar amounts apportioned to principal and interest)

Yes No

Note: The Mortgage Calculator is intended to provide approximate information about loan payments and does not constitute an offer to extend credit. Actual payment information may vary.

Our online calculators are provided 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. The calculated results are not guaranteed to be accurate and are in no way endorsed, offered or guaranteed by Central Bank.