Fact check: Are online mortgage calculators doing the maths correctly? We verify the results obtained with an online mortgage calculator. We work with the following example: loan amount is 150 000 USD, loan term is 15 years, interest rate is 5.5% fixed, yearly. We settle the loan with monthly repayments that are constant. A printed version of the output produced by an online mortgage calculator is available below.

Verify these calculations: (3.1) the monthly payment of 1 225.63 USD

(3.2) the balance at the end of the year.

Loan amount: $ Loan term: years Interest rate: % First payment date: 2017 show by year Amortization: show by month don't show Submit Query Install this free mortgage calculator on your wet