Mortgage Financial Calculator

Figuring the original principal balance of a mortgage

Example 6: Enter the numbers in the boxes below.  Do not enter a number in the box  next to "Compute". Then click "Compute".

Try with different numbers and see how the original balance changes.

 There are 12 payments a year of $859.68 a month. the original term of the loan is 360 months (30 years). The interest rate is 11% p.a. What is the original principal balance of the mortgage? Answer $90,265.02. As follows.

Remaining principal balance of the mortgage loan? (in $.c)
Interest rate per yr? (in %)
Number of  mortgage payments left (30 Yrs=360, 15 yrs =180)
Number of mortgage payments per yr?
Payment amount (usually monthly) ? (in $.c)

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