Use our mortgage calculator to estimate your monthly mortgage payment. You can adjust the mortgage amount, amortization period, payment type,  interest rate, prepayment amount, and payment frequency to see how your mortgage payments change.

We also offer a more in-depth Mortgage Affordability Calculator and plenty of information on the Mortgage Process after you run some estimates.

Pinsky Mortgage Payment Calculator

Information and the interactive mortgage payment calculator are made available to you as self-help tools for your independent use and are not intended to provide investment advice.

We cannot and do not guarantee the mortgage payment calculator applicability or accuracy in regard to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified mortgage professionals regarding all personal finance issues.

Why Use A Mortgage Payment Calculator?

When buying a home, it’s easy to focus only on the big figures such as the final purchase price or overall mortgage amount.

But often, the most relevant number for your mortgage is your bi-weekly or monthly payment amount. After all, your monthly payments are the amount that you’ll need to take directly from your pay to keep your mortgage under control.

Using our mortgage payment calculator takes the guesswork out of mortgage payments. You’ll understand exactly how much money you’ll require for any size mortgage loan, with any interest rate.

Knowing exactly how much your monthly payment lets you shop around for mortgage products with clarity and confidence.

Key Things To Help Understand Mortgage Payments

How To Estimate Your Mortgage Payments

The Pinsky Mortgage Calculator helps to estimate your mortgage payments with several variables including:

Mortgage principal amount:

This amount is calculated from the purchase price minus the down payment.

Term & Interest rates:

Choosing the term of the mortgage & interest rate that works for your unique needs and timeline.

Amortization period:

Choose the length of time to repay the mortgage in full. 

Payment frequency:

Deciding on regular payment options on your mortgage.

What is an amortization schedule?

The amortization schedule is a fixed table showing how much of the monthly mortgage payment goes toward interest and how much goes toward your principal balance each month, for the life of your mortgage

Most of your money goes toward interest during the first years of your loan. As your loan matures, more of your payment goes toward principal, and less of it goes toward interest.

If you’re looking to buy a new home, use our mortgage and mortgage affordability calculators to calculate and determine what you can afford before you begin to look at any listings.

Need Help With Your Mortgage?

If you have questions or need further information about your calculation or other mortgage processes, we make it easy by guiding you through the entire process from start to finish. Contact Pinsky Mortgages today and let us help you get the home of your dreams.