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Mortgage Calculator

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Mortgage Calculator

Remember, all information provided on this website is for information only. Please talk to a loan/mortgage professional for more accurate information about your specific loan needs.

The "Mortgage Amount" is the total you are borrowing after your down-payment.

"Prepayments" are payments applied to the mortgage principal balance after loan begins and are in addition to your regular payments. A prepayment is not a "down payment" and is totally optional. They are used to shorten the length of the loan and to save you money on your total interest. Prepayment frequency can be one single payment, monthly payments or yearly.

When ready, click "Calculate" and then "View Report". You can "Print" your report or save it as a PDF using print options built into your computer browser. If you have any questions, please call or contact us online. Help is also provided on this page below or by using the question marks (?).

Monthly Payment:
Report Amortization:
Report Amortization
Please view the report to see detailed results in tabular form.
Please view the report to see detailed results in tabular form.

Mortgage Calculator Definitions

Mortgage Amount

Original or expected balance for your mortgage.

Term in Years

The number of years over which you will repay this loan. The most common mortgage terms are 15 years and 30 years.

Interest Rate

Annual fixed interest rate for this mortgage.

Monthly Payment

Monthly principal and interest payment (PI).

Total Payments

Total of all monthly payments over the full term of the mortgage. This total payment amount assumes that there are no prepayments of principal.

Total Interest

Total of all interest paid over the full term of the mortgage. This total interest amount assumes that there are no prepayments of principal.

Prepayment Type

The frequency of prepayment. The options are none, monthly, yearly and one-time payment.

Prepayment Amount

Amount that will be prepaid on your mortgage. This amount will be applied to the mortgage principal balance, based on the prepayment type.

Start With Payment

This is the payment number that your prepayments will begin with. For a one-time payment, this is the payment number that the single prepayment will be included in. All prepayments of principal are assumed to be received by your lender in time to be included in the following month's interest calculation. If you choose to prepay with a one-time payment for payment number zero, the prepayment is assumed to happen before the first payment of the loan.


Total amount of interest you will save by prepaying your mortgage.

Report Amortization

Choose how the report will display your payment schedule. Annually will summarize payments and balances by year. Monthly will show every payment for the entire term.


Contact us for more information.

Rob Ellerman Team

Lee's Summit Office:
1153 NE Rice Road
Lee's Summit, MO 64086

Kansas City Plaza:
434 W 47th Street
Kansas City, MO 64112

Kansas City North:
201 NE 91st Street
Kansas City, MO 64155

Overland Park:
11100 Antioch Road
Overland Park, KS 66210

Missouri South:
3600 S. National
Springfield, MO 65807

Direct:  (816) 304-4434
Office:  (816) 251-1435

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