Mortgage Calculator with Comparative Auto Generated Terms and Charts
To calculate mortgage term balances along with two automatically generated examples, capital, interest and total amount paid - enter a Starting Balance,
Term Length, Interest Rate and Monthly Payment (optional) below, then click on Calculate. The repayment details will be displayed along, with
indicators of whether the terms may need adjusting.
A green cell indicates the loan is paid off within the term and at the interest rate provided. The terms can still be altered when showing green.
A red cell indicates that the loan term or monthly payment (or both) need increasing, to pay the balance off at the given interest rate.
The maximum number of Term Years is 40.