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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 Mortgage Calculator |
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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 |
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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 |
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5 Year Amortization Schedule |
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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 |
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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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