Strict Standards: Non-static method Calc::BuildAmortizationTable() should not be called statically in /home/eastcoast/public_html/calc2.php on line 79

Strict Standards: Non-static method Calc::PeriodPayment() should not be called statically in /home/eastcoast/public_html/functions.php on line 173
Mortgage calculators

Mortgage Principal Calculator

Input Information
Loan Information
Amount : ($)
Interest Rate : (%)
Length : (Years)
Months Already Paid
Months Paid : (Months)

Send to Email Address :
Name :
Phone # :

This is an example of in-page advertisement message. You will be able to change it on your own advertisement or information.

Do you like these calculators? Order now!

Financial Analysis (Switch to Plain English)
Total Interests Paid : $60,095.07
Principal Applied : $20,428.17
Balance : $229,571.83
Plain English Help (Switch to Financial Analysis)

Determining your mortgage loan principal - money you still owe to the bank for your house, can be very beneficial, particularly if you are looking to pay your mortgage off ahead of time. In order to figure out your remaining balance, you only need to know the loan amount, the interest rate on your loan, the length of your loan, and how many months you have already paid. Together, all of these factors will help you figure out the amount of principal you still owe.

As an example, pretend your total loan was for $250,000.00 with a 5.000% interest rate. The original loan was for 30 years, but you have already paid on the loan for 60 months. After paying on your loan for 60 months, you will have paid $60,095.07 in interest and only $20,428.17 toward the principal. If you subtract the $20,428.17 you have paid toward the principal from the original loan amount, this leaves you with $229,571.83 in principal left to be paid.

DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or it's applicability to your financial situation. Please consult your own financial advisor.

© 2012 - East Coast Mortgage & Financial Services Inc - All Rights Reserved

Website Design & SEO by Long CSI