Mortgage Balance Calculator

house This calculator will help you to determine the current loan balance of your mortgage based on the number of mortgage payments you have made.

Enter the mortgage principal, annual interest rate (APR), loan term (in years), and the monthly payment. Then choose one of the three options for entering/calculating the number of mortgage payments made (leave two of the options blank) and click the "Calculate Mortgage Balance" button to return your current balance & loan payoff amount.

Home value:
Original mortgage amount:
Current Loan APR % Refi & Save:
Original repayment term (# of years):
Option #1 - Month & year of 1st payment:
Option #2 - Payments made:
Option #3 - Payments remaining:
Number of mortgage payments made:
Monthly principal & interest payment:
Current estimated loan balance:
Estimated home equity:
Equity Percent (%):
Loan to Value (LTV %):


Current Mortgage Rates


Dollar House.

Key Tips & Advice

Things to consider when buying a home:

  • While the 30-year mortgage is the most popular term in the United States, a 15-year term builds equity much quicker;
  • Home buyers in the US move on average of once every 5 to 7 years;
  • Early mortgage payments apply primarily to interest rather than the principal;
  • Using a shorter loan term, paying extra & making bi-weekly payments can better help offset any transaction-based expenses.

Do Home Prices Always Go Up?

In the United States real estate prices have went up about 6-fold since 1970.