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5 Year Mortgage Calculator

The 5 year mortgage calculator is a mortgage payoff calculator that will calculate your monthly or biweekly payments with amortization schedule quickly and easily.

5 Year Loan Calculator

Home Value
$
Down Payment
Mortgage Amount
$
Loan Terms
Interest Rate
PMI (Yearly)
Property Tax (Yearly)
Home Insurance (Yearly)
HOA Fees (Monthly)
Payment Frequency
First Payment Date

Amortization Schedule
Extra Payments
One Time
$ On Date
Monthly or Biweekly
$ Starting Date
Quarterly
$ Starting Date
Yearly
$ Starting Date
Check Local Mortgage Rates

5 Year Mortgage Calculator

Home Value: $300,000.00
Mortgage Amount: $255,000.00
Monthly Principal & Interest: $4,812.16
Monthly Extra Payment: $0.00
Monthly Property Tax: $250.00
Monthly Home Insurance: $125.00
Monthly PMI: (Until May, 2025) $106.25
Monthly HOA Fees: $0.00
Total Monthly Payment:
$5,293.41
Total # Of Payments: 60
Start Date: Feb, 2025
Payoff Date: Jan, 2030
Down Payment: $45,000.00
Principal: $255,000.00
Total Extra Payment: $0.00
Total Interest Paid: $33,729.87
Total Tax, Insurance, PMI and Fees: $22,925.00
Total of all Payments:
$356,654.87

5 Year Amortization Schedule

Payment Date Payment # Interest Principal Tax, Insurance, PMI & Fees Total Payment Balance
Feb, 2025 1 $1,062.50 $3,749.66 $481.25 $5,293.41 $251,250.34
Mar, 2025 2 $1,046.88 $3,765.29 $481.25 $5,293.41 $247,485.05
Apr, 2025 3 $1,031.19 $3,780.98 $481.25 $5,293.41 $243,704.07
May, 2025 4 $1,015.43 $3,796.73 $481.25 $5,293.41 $239,907.34
Jun, 2025 5 $999.61 $3,812.55 $375.00 $5,187.16 $236,094.79
Jul, 2025 6 $983.73 $3,828.44 $375.00 $5,187.16 $232,266.35
Aug, 2025 7 $967.78 $3,844.39 $375.00 $5,187.16 $228,421.96
Sep, 2025 8 $951.76 $3,860.41 $375.00 $5,187.16 $224,561.56
Oct, 2025 9 $935.67 $3,876.49 $375.00 $5,187.16 $220,685.07
Nov, 2025 10 $919.52 $3,892.64 $375.00 $5,187.16 $216,792.42
Dec, 2025 11 $903.30 $3,908.86 $375.00 $5,187.16 $212,883.56
Jan, 2026 12 $887.01 $3,925.15 $375.00 $5,187.16 $208,958.41
Feb, 2026 13 $870.66 $3,941.50 $375.00 $5,187.16 $205,016.91
Mar, 2026 14 $854.24 $3,957.93 $375.00 $5,187.16 $201,058.98
Apr, 2026 15 $837.75 $3,974.42 $375.00 $5,187.16 $197,084.56
May, 2026 16 $821.19 $3,990.98 $375.00 $5,187.16 $193,093.58
Jun, 2026 17 $804.56 $4,007.61 $375.00 $5,187.16 $189,085.97
Jul, 2026 18 $787.86 $4,024.31 $375.00 $5,187.16 $185,061.67
Aug, 2026 19 $771.09 $4,041.07 $375.00 $5,187.16 $181,020.59
Sep, 2026 20 $754.25 $4,057.91 $375.00 $5,187.16 $176,962.68
Oct, 2026 21 $737.34 $4,074.82 $375.00 $5,187.16 $172,887.86
Nov, 2026 22 $720.37 $4,091.80 $375.00 $5,187.16 $168,796.06
Dec, 2026 23 $703.32 $4,108.85 $375.00 $5,187.16 $164,687.21
Jan, 2027 24 $686.20 $4,125.97 $375.00 $5,187.16 $160,561.25
Feb, 2027 25 $669.01 $4,143.16 $375.00 $5,187.16 $156,418.09
Mar, 2027 26 $651.74 $4,160.42 $375.00 $5,187.16 $152,257.66
Apr, 2027 27 $634.41 $4,177.76 $375.00 $5,187.16 $148,079.91
May, 2027 28 $617.00 $4,195.16 $375.00 $5,187.16 $143,884.74
Jun, 2027 29 $599.52 $4,212.64 $375.00 $5,187.16 $139,672.10
Jul, 2027 30 $581.97 $4,230.20 $375.00 $5,187.16 $135,441.90
Aug, 2027 31 $564.34 $4,247.82 $375.00 $5,187.16 $131,194.08
Sep, 2027 32 $546.64 $4,265.52 $375.00 $5,187.16 $126,928.55
Oct, 2027 33 $528.87 $4,283.30 $375.00 $5,187.16 $122,645.26
Nov, 2027 34 $511.02 $4,301.14 $375.00 $5,187.16 $118,344.11
Dec, 2027 35 $493.10 $4,319.06 $375.00 $5,187.16 $114,025.05
Jan, 2028 36 $475.10 $4,337.06 $375.00 $5,187.16 $109,687.99
Feb, 2028 37 $457.03 $4,355.13 $375.00 $5,187.16 $105,332.86
Mar, 2028 38 $438.89 $4,373.28 $375.00 $5,187.16 $100,959.58
Apr, 2028 39 $420.66 $4,391.50 $375.00 $5,187.16 $96,568.08
May, 2028 40 $402.37 $4,409.80 $375.00 $5,187.16 $92,158.28
Jun, 2028 41 $383.99 $4,428.17 $375.00 $5,187.16 $87,730.11
Jul, 2028 42 $365.54 $4,446.62 $375.00 $5,187.16 $83,283.49
Aug, 2028 43 $347.01 $4,465.15 $375.00 $5,187.16 $78,818.34
Sep, 2028 44 $328.41 $4,483.75 $375.00 $5,187.16 $74,334.59
Oct, 2028 45 $309.73 $4,502.44 $375.00 $5,187.16 $69,832.15
Nov, 2028 46 $290.97 $4,521.20 $375.00 $5,187.16 $65,310.95
Dec, 2028 47 $272.13 $4,540.04 $375.00 $5,187.16 $60,770.92
Jan, 2029 48 $253.21 $4,558.95 $375.00 $5,187.16 $56,211.96
Feb, 2029 49 $234.22 $4,577.95 $375.00 $5,187.16 $51,634.01
Mar, 2029 50 $215.14 $4,597.02 $375.00 $5,187.16 $47,036.99
Apr, 2029 51 $195.99 $4,616.18 $375.00 $5,187.16 $42,420.81
May, 2029 52 $176.75 $4,635.41 $375.00 $5,187.16 $37,785.40
Jun, 2029 53 $157.44 $4,654.73 $375.00 $5,187.16 $33,130.68
Jul, 2029 54 $138.04 $4,674.12 $375.00 $5,187.16 $28,456.56
Aug, 2029 55 $118.57 $4,693.60 $375.00 $5,187.16 $23,762.96
Sep, 2029 56 $99.01 $4,713.15 $375.00 $5,187.16 $19,049.81
Oct, 2029 57 $79.37 $4,732.79 $375.00 $5,187.16 $14,317.02
Nov, 2029 58 $59.65 $4,752.51 $375.00 $5,187.16 $9,564.51
Dec, 2029 59 $39.85 $4,772.31 $375.00 $5,187.16 $4,792.20
Jan, 2030 60 $19.97 $4,792.20 $375.00 $5,187.16 $0.00

Compare Monthly vs. Bi-weekly

Payment Frequency Monthly Bi-weekly
Payments / Year 12 26
Each Payment $5,293.41 $2,628.20
Total Extra Payments $0.00 $0.00
Total Interest $33,729.87 $30,437.09
Total Tax, Insurance, PMI & Fees $22,925.00 $20,988.46
Total Payment $356,654.87 $351,425.55
Total Savings $0 $5,229.32
Payoff Date Jan, 2030 Aug, 2029

The 5 Year Mortgage Calculator includes many built in options such as PMI, extra payment so that you can get all the details for your mortgage. Just enter the necessary field that applies to your mortgage such as PMI, property tax, home insurance, payment frequency (monthly and bi-weekly), monthly HOA fees, and extra payments. You can fill in $0 for the fields that you don't want to be included in the mortgage calculation.

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