LOANS & SAVINGS / TOOL COLLECTION
Money over time.
Work out loan and mortgage payments with full amortization, see when PMI can be cancelled, and project how savings grow with compound interest.
Explore tools01 / TOOLS IN THIS COLLECTION3 CALCULATORS
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02 / HOW TO CHOOSE
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the right question.
Use the loan calculator for any fixed-rate loan and to see what extra payments save. The mortgage calculator adds property tax, insurance, PMI and HOA dues to the payment and shows when PMI can end under federal law. The compound interest calculator projects savings with regular contributions, any compounding frequency and inflation.
WORKED EXAMPLE
A $200,000, 30-year loan at 6% is $1,199.10 a month, and paying $200 extra each month saves about $79,800 in interest. $10,000 at 5% compounded yearly grows to $16,288.95 in ten years.