Mortgage Loan Calculator

There are multiple types of mortgages, with the most common being the 15- or 30-year term, fixed rate mortgage. If you’re looking into ARM or variable rate mortgages, your calculations will be different.

Use this easy calculator to figure out your monthly payment for your fixed-rate mortgage.

If a field is inapplicable, enter “0.”

Of course, there are other “hidden” costs of owning a home such as repairs, renovations, pest control, lawn care and general upkeep. Don’t be fooled into under-budgeting your monthly costs! Be sure you have a detailed monthly budget that outlines all your home costs.

If you’d like to calculate this manually, here’s a basic math formula you can follow:

A=P[(r(1+r)^n))/((1+r)^n)−1)]

  • P is the principal amount borrowed
  • A is the periodic amortization payment
  • r is the periodic interest rate divided by 100 (nominal annual interest rate also divided by 12 in case of monthly installments), and
  • n is the total number of payments (for a 30-year loan with monthly payments n = 30 × 12 = 360)

If that sounds like a mouthful, we’re with you—use our easy calculator!

If you have questions about your debt situation or are behind on your mortgage payments, give one of our Certified Credit Counselors a call today!

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Learn how much you can save

Fill out the information below and one of our experts will contact you shortly.

Step 1 of 2

Almost Done!

Just a few more details to get started.

By providing your information, you consent and request to be contacted by CreditGuard and/or our member(s) to your phone, cell phone, email, text/SMS, and through the use of pre-recorded messages and automated dialing technology at the number(s) listed above even if your number provided on the form above is on a State, National or Corporate Do Not Call List. You are not required to purchase any goods and/or services. Standard carrier and messaging rates will apply.

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Certified Credit Counselors are available Monday - Friday 8:00 am - 8:00 pm Eastern.

Also See…

For more information on debt consolidation, please visit:

Why Choose CreditGuard? Learn what sets our debt consolidation services apart from the rest and how we can help you take control of your debt.

The Ultimate Debt Survival Guide. Need some practical advice for dealing with debt? You’ve come to the right place. This free downloadable guide can teach you the basics of managing debt (and more).

Is Debt Settlement a Good Idea? Debt settlement and debt consolidation are not the same. Learn more about the process (and consequences) of settling your debts before going down that path.