Law Offices of Louis J Esbin





Certified Bankruptcy Specialist
State Bar of California Board of Legal Specialization
  Bankruptcy Law Santa Clarita  
   
 

Mortgage Calculator
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Mortgage Parameters
Loan amount: $
Interest rate: %
Loan term: years
Property tax: %
PMI: %

Output Parameters

Mortgage Summary
Amount:$400,000.00Payment: $2,854.49
Term:30 yearsPeriods:360
Total Interest:$417,616.16Interest rate:5.50%
Property Tax:1.25%Total tax:$150,000.00
PMI rate:0.50%Total PMI:$60,000.00

Monthly Versus Bi-Weekly Payments
Monthly:$2,854.49Bi-Weekly: $1,404.81
Total Interest:$417,616.16Total Interest:$334,600.20
Total Interest Savings: $83,015.96
72 months shorter loan

YearInterestPrincipalBalance
121,865.515,388.36394,611.64
221,561.575,692.30388,919.34
321,240.486,013.39382,905.94
420,901.286,352.60376,553.35
520,542.946,710.93369,842.41
620,164.397,089.48362,752.93
719,764.497,489.39355,263.55
819,342.037,911.85347,351.70
918,895.748,358.14338,993.56
1018,424.278,829.60330,163.96
1117,926.219,327.66320,836.31
1217,400.069,853.81310,982.49
1316,844.2310,409.64300,572.85
1416,257.0410,996.83289,576.02
1515,636.7311,617.14277,958.88
1614,981.4412,272.44265,686.44
1714,289.1712,964.70252,721.74
1813,557.8613,696.01239,025.73
1912,785.3014,468.57224,557.16
2011,969.1615,284.71209,272.45
2111,106.9816,146.89193,125.56
2210,196.1717,057.70176,067.86
239,233.9818,019.89158,047.97
248,217.5219,036.35139,011.61
257,143.7220,110.15118,901.46
266,009.3521,244.5397,656.93
274,810.9922,442.8875,214.05
283,545.0323,708.8451,505.21
292,207.6725,046.2026,459.01
30794.8726,459.01-0.00



 
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  Law Office of Louis J. Esbin - 25129 The Old Road, Suite 114, Valencia, CA 91381 New Address Effective 9/1/10!  
  As instructed by Congress, we are a federally designated Debt Relief Agency under the United States Bankruptcy Laws to assist people with finding solutions to their debt problems, including, where appropriate, assisting them with the filing of petitions for relief under the United States Bankruptcy Code.  
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