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. 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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Payment Date	Payment #	Interest	Principal	Tax, Insurance, PMI & Fees	Total Payment	Balance
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 Dec, 2023)			$106.25
Monthly HOA Fees:			$0.00
Total Monthly Payment:			$5,293.41
Total # Of Payments:			60
Start Date:			Sep, 2023
Payoff Date:			Aug, 2028
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
Sep, 2023	1	$1,062.50	$3,749.66	$481.25	$5,293.41	$251,250.34
Oct, 2023	2	$1,046.88	$3,765.29	$481.25	$5,293.41	$247,485.05
Nov, 2023	3	$1,031.19	$3,780.98	$481.25	$5,293.41	$243,704.07
Dec, 2023	4	$1,015.43	$3,796.73	$481.25	$5,293.41	$239,907.34
Jan, 2024	5	$999.61	$3,812.55	$375.00	$5,187.16	$236,094.79
Feb, 2024	6	$983.73	$3,828.44	$375.00	$5,187.16	$232,266.35
Mar, 2024	7	$967.78	$3,844.39	$375.00	$5,187.16	$228,421.96
Apr, 2024	8	$951.76	$3,860.41	$375.00	$5,187.16	$224,561.56
May, 2024	9	$935.67	$3,876.49	$375.00	$5,187.16	$220,685.07
Jun, 2024	10	$919.52	$3,892.64	$375.00	$5,187.16	$216,792.42
Jul, 2024	11	$903.30	$3,908.86	$375.00	$5,187.16	$212,883.56
Aug, 2024	12	$887.01	$3,925.15	$375.00	$5,187.16	$208,958.41
Sep, 2024	13	$870.66	$3,941.50	$375.00	$5,187.16	$205,016.91
Oct, 2024	14	$854.24	$3,957.93	$375.00	$5,187.16	$201,058.98
Nov, 2024	15	$837.75	$3,974.42	$375.00	$5,187.16	$197,084.56
Dec, 2024	16	$821.19	$3,990.98	$375.00	$5,187.16	$193,093.58
Jan, 2025	17	$804.56	$4,007.61	$375.00	$5,187.16	$189,085.97
Feb, 2025	18	$787.86	$4,024.31	$375.00	$5,187.16	$185,061.67
Mar, 2025	19	$771.09	$4,041.07	$375.00	$5,187.16	$181,020.59
Apr, 2025	20	$754.25	$4,057.91	$375.00	$5,187.16	$176,962.68
May, 2025	21	$737.34	$4,074.82	$375.00	$5,187.16	$172,887.86
Jun, 2025	22	$720.37	$4,091.80	$375.00	$5,187.16	$168,796.06
Jul, 2025	23	$703.32	$4,108.85	$375.00	$5,187.16	$164,687.21
Aug, 2025	24	$686.20	$4,125.97	$375.00	$5,187.16	$160,561.25
Sep, 2025	25	$669.01	$4,143.16	$375.00	$5,187.16	$156,418.09
Oct, 2025	26	$651.74	$4,160.42	$375.00	$5,187.16	$152,257.66
Nov, 2025	27	$634.41	$4,177.76	$375.00	$5,187.16	$148,079.91
Dec, 2025	28	$617.00	$4,195.16	$375.00	$5,187.16	$143,884.74
Jan, 2026	29	$599.52	$4,212.64	$375.00	$5,187.16	$139,672.10
Feb, 2026	30	$581.97	$4,230.20	$375.00	$5,187.16	$135,441.90
Mar, 2026	31	$564.34	$4,247.82	$375.00	$5,187.16	$131,194.08
Apr, 2026	32	$546.64	$4,265.52	$375.00	$5,187.16	$126,928.55
May, 2026	33	$528.87	$4,283.30	$375.00	$5,187.16	$122,645.26
Jun, 2026	34	$511.02	$4,301.14	$375.00	$5,187.16	$118,344.11
Jul, 2026	35	$493.10	$4,319.06	$375.00	$5,187.16	$114,025.05
Aug, 2026	36	$475.10	$4,337.06	$375.00	$5,187.16	$109,687.99
Sep, 2026	37	$457.03	$4,355.13	$375.00	$5,187.16	$105,332.86
Oct, 2026	38	$438.89	$4,373.28	$375.00	$5,187.16	$100,959.58
Nov, 2026	39	$420.66	$4,391.50	$375.00	$5,187.16	$96,568.08
Dec, 2026	40	$402.37	$4,409.80	$375.00	$5,187.16	$92,158.28
Jan, 2027	41	$383.99	$4,428.17	$375.00	$5,187.16	$87,730.11
Feb, 2027	42	$365.54	$4,446.62	$375.00	$5,187.16	$83,283.49
Mar, 2027	43	$347.01	$4,465.15	$375.00	$5,187.16	$78,818.34
Apr, 2027	44	$328.41	$4,483.75	$375.00	$5,187.16	$74,334.59
May, 2027	45	$309.73	$4,502.44	$375.00	$5,187.16	$69,832.15
Jun, 2027	46	$290.97	$4,521.20	$375.00	$5,187.16	$65,310.95
Jul, 2027	47	$272.13	$4,540.04	$375.00	$5,187.16	$60,770.92
Aug, 2027	48	$253.21	$4,558.95	$375.00	$5,187.16	$56,211.96
Sep, 2027	49	$234.22	$4,577.95	$375.00	$5,187.16	$51,634.01
Oct, 2027	50	$215.14	$4,597.02	$375.00	$5,187.16	$47,036.99
Nov, 2027	51	$195.99	$4,616.18	$375.00	$5,187.16	$42,420.81
Dec, 2027	52	$176.75	$4,635.41	$375.00	$5,187.16	$37,785.40
Jan, 2028	53	$157.44	$4,654.73	$375.00	$5,187.16	$33,130.68
Feb, 2028	54	$138.04	$4,674.12	$375.00	$5,187.16	$28,456.56
Mar, 2028	55	$118.57	$4,693.60	$375.00	$5,187.16	$23,762.96
Apr, 2028	56	$99.01	$4,713.15	$375.00	$5,187.16	$19,049.81
May, 2028	57	$79.37	$4,732.79	$375.00	$5,187.16	$14,317.02
Jun, 2028	58	$59.65	$4,752.51	$375.00	$5,187.16	$9,564.51
Jul, 2028	59	$39.85	$4,772.31	$375.00	$5,187.16	$4,792.20
Aug, 2028	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		$20,815.38
Total Payment		$356,654.87		$351,252.48
Total Savings		$0		$5,402.40
Payoff Date		Aug, 2028		Apr, 2028

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5 Year Loan Calculator
Home Value	$	Down Payment	$ %
Mortgage Amount	$	Loan Terms	Year Month
Interest Rate		PMI (Yearly)	$ %
Property Tax (Yearly)	$ %	Home Insurance (Yearly)	$ %
HOA Fees (Monthly)		Payment Frequency	Monthly Bi-weekly
First Payment Date		Amortization Schedule	Show All Payments Group By Year

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