INSTRUCTIONS This calculator is designed to give you approximately what your monthly payment would be given the Term of the loan and the interest rate, and then amortize the payments over the term of the loan. Select what year the loan will begin. Enter the relevant data in "Mortgage Amount" and "Interest Rate" and then select the "Mortgage Length and Payment Frequency. Click once on the "Calculate" button to calculate your desired value. (Results will be shown in the Payment Amount and Total Interest fields below. For full amortization schedule, click on Amortize. (A new window will pop open will the amortization schedule).  Payment and Amortization Calculator First Payment Year 2005 2006 2007 2008 Mortgage Amount Interest Rate % Mortgage Length 30 15 Years Payment Frequency Monthly Bi-Weekly Select Calculate to obtain Monthly Payments, Amortize for full amortization schedule or Reset to begin again. Step 1 Step 2 Begin Again! Payment Amount Total Interest APPLY TODAY to receive your Free Loan Consultation at NO cost and NO obligation or call to speak to a Professional Mortgage Consultant 1-800-Call-First 1-800-225-5347