Mortgage Calculators

Twin Palms Realty Inc is please to provide these mortgage calculators as educational tools for our home buying clients.

• Amortization Calculator:

  This calculator will compute a mortgage loan's monthly payment amount based on the principal amount borrowed, the length of the loan and the annual interest rate. Please note: this mortgage calculator can only be used for estimating Fixed Rate Loan schedules.

  Instructions: Enter the loan amount, interest rate and the term of the loan. Click on the Compute button to get the payment amount. Then, once you have computed the monthly payment, click on the "Create Amortization Schedule" button to create a report you can print. Note that each time you change one of the loan's variables, you will need to recalculate the monthly payment before creating the Amortization Schedule.

• Bi-Weekly Payment Calculator:

  This calculator will show you how much you will save if you make 1/2 of your loan payment every two weeks instead of making a full loan payment once a month. In effect, you will be making one extra loan payment per year -- without really noticing the additional cash outflow. But, as you're about to discover, you will certainly notice the increased cash flow that will result when you pay your loan off well ahead of schedule!

• Basic Mortgage Payment Calculator:

  This calculator is designed show you how much your mortgage payment could be based upon the criteria of amount to finance, length of the loan and proposed interest rate.