This mortgage calculator will help you create a complete payment schedule over the life of your loan - showing principal & interest on a monthly or yearly basis.

Enter the Principal, Interest, Term and starting month of the loan to see the monthly payment, principal & interest paid, and the remaining balance. The qualifying income (as per the "28/36" qualification ratio) is also shown.

If you want to see the effect of more elaborate prepayments (regular, one-time, etc.), we recommend you download The Home Buyer's Calculator. This fully-featured collection of mortgage calculators is free courtesy of Wheatworks Software.