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Total Principal
This calculator will calculate, with 100% accuracy, the total principal of a mortgage when you know the length of the mortgage in months, the interest rate and the monthly payment.  This page of this Free Home Mortgage Calculator can be used as a Mortgage Borrowing Calculator.  If you know how much you will be able to pay toward your principle and interest each month and can find out what interest rate you qualify for and knowing the term of the loan or mortgage, (usually, 360 months) you can calculate how much money you will be able to borrow.  This is an excellent calculator to use when you are considering a refinance mortgage or you are wondering how much could borrow toward the purchase of a home.

Yearly interest rate %

Number of payments
(For example; 360 = 30 years,
240 = 20 years, 180 = 15 years.)

Amount of monthly payment $

Enter values in the three boxes above.
Box below will be calculated.



Amount of the mortgage = $