Mortgage Principal Calculator

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Loan Information
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Interest Rate :	(%)
Length :	(Years)
Months Already Paid
Months Paid :	(Months)
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Thanks for using our calculation tools. Your results appear below. Click the heading in the next section to switch between plain English and financial views. Do you have questions or feedback? Contact us.

Financial Analysis (Switch to Plain English)

Total Interests Paid :	$61,337.96
Principal Applied :	$20,104.51
Balance :	$229,895.49

Plain English Help (Switch to Financial Analysis)

Determining your mortgage loan principal - money you still owe to the bank for your house, can be very beneficial, particularly if you are looking to pay your mortgage off ahead of time. In order to figure out your remaining balance, you only need to know the loan amount, the interest rate on your loan, the length of your loan, and how many months you have already paid. Together, all of these factors will help you figure out the amount of principal you still owe. As an example, pretend your total loan was for $250,000.00 with a 5.100% interest rate. The original loan was for 30 years, but you have already paid on the loan for 60 months. After paying on your loan for 60 months, you will have paid $61,337.96 in interest and only $20,104.51 toward the principal. If you subtract the $20,104.51 you have paid toward the principal from the original loan amount, this leaves you with $229,895.49 in principal left to be paid.

Payment Schedule

No	Interests	Principal	Balance
1	1,062.50	294.87	249,705.13
2	1,061.25	296.13	249,409.00
3	1,059.99	297.39	249,111.61
4	1,058.72	298.65	248,812.96
5	1,057.46	299.92	248,513.04
6	1,056.18	301.19	248,211.85
7	1,054.90	302.47	247,909.37
8	1,053.61	303.76	247,605.61
9	1,052.32	305.05	247,300.56
10	1,051.03	306.35	246,994.22
11	1,049.73	307.65	246,686.57
12	1,048.42	308.96	246,377.61
1 Yr	--- 12,666.10	--- 3,622.39
13	1,047.10	310.27	246,067.34
14	1,045.79	311.59	245,755.75
15	1,044.46	312.91	245,442.84
16	1,043.13	314.24	245,128.60
17	1,041.80	315.58	244,813.02
18	1,040.46	316.92	244,496.10
19	1,039.11	318.27	244,177.84
20	1,037.76	319.62	243,858.22
21	1,036.40	320.98	243,537.24
22	1,035.03	322.34	243,214.90
23	1,033.66	323.71	242,891.19
24	1,032.29	325.09	242,566.10
2 Yr	--- 12,476.98	--- 3,811.51
25	1,030.91	326.47	242,239.63
26	1,029.52	327.86	241,911.78
27	1,028.13	329.25	241,582.53
28	1,026.73	330.65	241,251.88
29	1,025.32	332.05	240,919.82
30	1,023.91	333.47	240,586.36
31	1,022.49	334.88	240,251.48
32	1,021.07	336.31	239,915.17
33	1,019.64	337.73	239,577.44
34	1,018.20	339.17	239,238.27
35	1,016.76	340.61	238,897.65
36	1,015.32	342.06	238,555.59
3 Yr	--- 12,277.99	--- 4,010.51
37	1,013.86	343.51	238,212.08
38	1,012.40	344.97	237,867.11
39	1,010.94	346.44	237,520.67
40	1,009.46	347.91	237,172.76
41	1,007.98	349.39	236,823.37
42	1,006.50	350.88	236,472.49
43	1,005.01	352.37	236,120.13
44	1,003.51	353.86	235,766.26
45	1,002.01	355.37	235,410.89
46	1,000.50	356.88	235,054.02
47	998.98	358.39	234,695.62
48	997.46	359.92	234,335.70
4 Yr	--- 12,068.60	--- 4,219.89
49	995.93	361.45	233,974.26
50	994.39	362.98	233,611.27
51	992.85	364.53	233,246.75
52	991.30	366.08	232,880.67
53	989.74	367.63	232,513.04
54	988.18	369.19	232,143.84
55	986.61	370.76	231,773.08
56	985.04	372.34	231,400.74
57	983.45	373.92	231,026.82
58	981.86	375.51	230,651.31
59	980.27	377.11	230,274.20
60	978.67	378.71	229,895.49
5 Yr	--- 11,848.28	--- 4,440.21
	Interests	Principal	Balance
Total	61,337.96	20,104.51	229,895.49

DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or it's applicability to your financial situation. Please consult your own financial advisor.