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5 Year Mortgage Calculator

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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 Aug, 2024) $106.25
Monthly HOA Fees: $0.00
Total Monthly Payment:
$5,293.41
Total # Of Payments: 60
Start Date: May, 2024
Payoff Date: Apr, 2029
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
May, 2024 1 $1,062.50 $3,749.66 $481.25 $5,293.41 $251,250.34
Jun, 2024 2 $1,046.88 $3,765.29 $481.25 $5,293.41 $247,485.05
Jul, 2024 3 $1,031.19 $3,780.98 $481.25 $5,293.41 $243,704.07
Aug, 2024 4 $1,015.43 $3,796.73 $481.25 $5,293.41 $239,907.34
Sep, 2024 5 $999.61 $3,812.55 $375.00 $5,187.16 $236,094.79
Oct, 2024 6 $983.73 $3,828.44 $375.00 $5,187.16 $232,266.35
Nov, 2024 7 $967.78 $3,844.39 $375.00 $5,187.16 $228,421.96
Dec, 2024 8 $951.76 $3,860.41 $375.00 $5,187.16 $224,561.56
Jan, 2025 9 $935.67 $3,876.49 $375.00 $5,187.16 $220,685.07
Feb, 2025 10 $919.52 $3,892.64 $375.00 $5,187.16 $216,792.42
Mar, 2025 11 $903.30 $3,908.86 $375.00 $5,187.16 $212,883.56
Apr, 2025 12 $887.01 $3,925.15 $375.00 $5,187.16 $208,958.41
May, 2025 13 $870.66 $3,941.50 $375.00 $5,187.16 $205,016.91
Jun, 2025 14 $854.24 $3,957.93 $375.00 $5,187.16 $201,058.98
Jul, 2025 15 $837.75 $3,974.42 $375.00 $5,187.16 $197,084.56
Aug, 2025 16 $821.19 $3,990.98 $375.00 $5,187.16 $193,093.58
Sep, 2025 17 $804.56 $4,007.61 $375.00 $5,187.16 $189,085.97
Oct, 2025 18 $787.86 $4,024.31 $375.00 $5,187.16 $185,061.67
Nov, 2025 19 $771.09 $4,041.07 $375.00 $5,187.16 $181,020.59
Dec, 2025 20 $754.25 $4,057.91 $375.00 $5,187.16 $176,962.68
Jan, 2026 21 $737.34 $4,074.82 $375.00 $5,187.16 $172,887.86
Feb, 2026 22 $720.37 $4,091.80 $375.00 $5,187.16 $168,796.06
Mar, 2026 23 $703.32 $4,108.85 $375.00 $5,187.16 $164,687.21
Apr, 2026 24 $686.20 $4,125.97 $375.00 $5,187.16 $160,561.25
May, 2026 25 $669.01 $4,143.16 $375.00 $5,187.16 $156,418.09
Jun, 2026 26 $651.74 $4,160.42 $375.00 $5,187.16 $152,257.66
Jul, 2026 27 $634.41 $4,177.76 $375.00 $5,187.16 $148,079.91
Aug, 2026 28 $617.00 $4,195.16 $375.00 $5,187.16 $143,884.74
Sep, 2026 29 $599.52 $4,212.64 $375.00 $5,187.16 $139,672.10
Oct, 2026 30 $581.97 $4,230.20 $375.00 $5,187.16 $135,441.90
Nov, 2026 31 $564.34 $4,247.82 $375.00 $5,187.16 $131,194.08
Dec, 2026 32 $546.64 $4,265.52 $375.00 $5,187.16 $126,928.55
Jan, 2027 33 $528.87 $4,283.30 $375.00 $5,187.16 $122,645.26
Feb, 2027 34 $511.02 $4,301.14 $375.00 $5,187.16 $118,344.11
Mar, 2027 35 $493.10 $4,319.06 $375.00 $5,187.16 $114,025.05
Apr, 2027 36 $475.10 $4,337.06 $375.00 $5,187.16 $109,687.99
May, 2027 37 $457.03 $4,355.13 $375.00 $5,187.16 $105,332.86
Jun, 2027 38 $438.89 $4,373.28 $375.00 $5,187.16 $100,959.58
Jul, 2027 39 $420.66 $4,391.50 $375.00 $5,187.16 $96,568.08
Aug, 2027 40 $402.37 $4,409.80 $375.00 $5,187.16 $92,158.28
Sep, 2027 41 $383.99 $4,428.17 $375.00 $5,187.16 $87,730.11
Oct, 2027 42 $365.54 $4,446.62 $375.00 $5,187.16 $83,283.49
Nov, 2027 43 $347.01 $4,465.15 $375.00 $5,187.16 $78,818.34
Dec, 2027 44 $328.41 $4,483.75 $375.00 $5,187.16 $74,334.59
Jan, 2028 45 $309.73 $4,502.44 $375.00 $5,187.16 $69,832.15
Feb, 2028 46 $290.97 $4,521.20 $375.00 $5,187.16 $65,310.95
Mar, 2028 47 $272.13 $4,540.04 $375.00 $5,187.16 $60,770.92
Apr, 2028 48 $253.21 $4,558.95 $375.00 $5,187.16 $56,211.96
May, 2028 49 $234.22 $4,577.95 $375.00 $5,187.16 $51,634.01
Jun, 2028 50 $215.14 $4,597.02 $375.00 $5,187.16 $47,036.99
Jul, 2028 51 $195.99 $4,616.18 $375.00 $5,187.16 $42,420.81
Aug, 2028 52 $176.75 $4,635.41 $375.00 $5,187.16 $37,785.40
Sep, 2028 53 $157.44 $4,654.73 $375.00 $5,187.16 $33,130.68
Oct, 2028 54 $138.04 $4,674.12 $375.00 $5,187.16 $28,456.56
Nov, 2028 55 $118.57 $4,693.60 $375.00 $5,187.16 $23,762.96
Dec, 2028 56 $99.01 $4,713.15 $375.00 $5,187.16 $19,049.81
Jan, 2029 57 $79.37 $4,732.79 $375.00 $5,187.16 $14,317.02
Feb, 2029 58 $59.65 $4,752.51 $375.00 $5,187.16 $9,564.51
Mar, 2029 59 $39.85 $4,772.31 $375.00 $5,187.16 $4,792.20
Apr, 2029 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 Apr, 2029 Dec, 2028

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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