Return to Resources

For Buyers

Permanent link to this article:

Mortgage Calculator

Mortgage Payment Calculator   Glossary of Terms Total amount: Original or expected balance for your mortgage. Downpayment: Amount paid upfront minimizing the Mortgage amount. Interest rate: Annual interest rate for this mortgage. Amortization period: The number of years over which you will repay this loan. The most common mortgage amortization periods are 20 years and …