Mortgage Payment Calculator Enter the information below and click calculate to see your expected payment. Mortgage Amount: Interest Rate: Number of Years: Additional Monthly Payment: function calculateMortage() { var finalResult; var loanAmount = document.getElementById("mortgageAmount").value; var interestRate = document.getElementById("interestRate").value; var numberYears = document.getElementById("numYears").value; var additionalPayment = document.getElementById("additionalMonthlyPayment").value; var monthlyInterest = (interestRate/100) / 12; var numbersMonths = numberYears * 12; var calculatedPayment = (loanAmount * (monthlyInterest * Math.pow((1 + monthlyInterest), numbersMonths))) / (Math.pow((1 + monthlyInterest), numbersMonths) - 1); finalResult = calculatedPayment + parseInt(additionalPayment); document.getElementById("result").innerHTML = "Your monthly payment would be $" + finalResult.toFixed(2); } Extra Mortgage Payment Calculators: Make the Most of Your Home Loans If you're looking to save money on your next home loan, then one great option you should consider is extra mortgage payments. Making regular extra payments on your home loan can reduce the length of your loan term and help you save money in the long run. To help make the process of calculating extra mortgage payments easier, there are some great online mortgage calculators available. The first step when looking into making extra payments is to know the basic information about your existing mortgage, such as the interest rate, term length, and your current loan balance. With this information, you can use an online calculator to easily determine the amount of money that extra payments could save you. Fortunately, there are several different extra mortgage payment calculators available online that you can use to easily calculate the benefits of extra payments. Most of these calculators are free and simple to use, and they can give you a good idea of how much money extra payments could save you. In some cases, they even allow you to compare different loan scenarios or see how the benefits of different loan terms can affect your savings. Using online calculators is a great way to see if making extra mortgage payments is the right choice for you. They can give you a good idea of the potential savings you can enjoy from making extra payments on your current loan, as well as the loan payoff timeline. With this information, you can decide if pursuing extra payments is a financially sound decision for you. Before using an online calculator, it's important to remember that these calculators are not perfect. To get the most accurate results, it is important to pay special attention to the details. These calculators typically take into account factors such as the rate type (fixed or adjustable), the current principal balance, and the loan term length. Additionally, you should also make sure to factor in any annual fees or other costs that could affect your payments. By taking the time to use an extra mortgage payment calculator, you can ensure that you receive the best possible terms for your loan. An online calculator is a great tool to help you compare different loan scenarios or see if paying extra towards your loan every month is the right decision for you. With the help of an online calculator, you can save money in the long run by making extra payments on your loan.