Mortgage calculator

You can apply our mortgage interest calculator by providing the following parameters.

• Mortgage principal — The amount of your mortgage;
• Mortgage term — The remaining or original mortgage term;
• Mortgage rate — Annual interest rate;
• Mortgage type — You can use this tool for both fixed and adjustable mortgages; and
• Compounding frequency — How the lender computes interest on the principal.

  You can access this parameter in the calculator's .

If you choose an adjustable-rate mortgage (an ARM), the following additional options will appear:

• Adjustments by:

  • "Manual setup" — Apply here the interest rate adjustment to be expected in the given adjustment frequency and the interest cap/floor; and

  • "Trend" — Set here the expected interest rate at the last period to let the interest rates be computed automatically in each period.

If you've selected the "Customized ARM", two more fields will appear:

• First adjustment after — Set the term for keeping the initial interest fixed; and
• Periods between adjustments — Choose the fre
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