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Financial Calculators from
Dinkytown.net

Financial Calculators ©1998-2022 KJE Computer Solutions, Inc.









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15-year monthly payment:
0
30-year monthly payment:
0
**FIG_GRAPHTITLE** Column Graph: Please use the calculator's report to see detailed calculation results in tabular form.
**FIG_GRAPHTITLE** Line Graph: Please use the calculator's report to see detailed calculation results in tabular form.

Definitions

Mortgage amount

Original balance of your mortgage.

Interest rate

Annual interest rate for your mortgage. Interest rates are generally lower for shorter-term mortgages. Please note that the interest rate is different from the Annual Percentage Rate (APR), which includes other expenses such as mortgage insurance, and the origination fee and or point(s), which were paid when the mortgage was first originated. The APR is normally higher than the simple interest rate.

Marginal tax rate

This is your combined state and federal tax rate. This is used to calculate possible income tax savings by deducting your mortgage interest. Please consult with a tax professional regarding mortgage interest deductions and your specific situation. Use the ‘Filing Status and Federal Income Tax Rates’ table to assist you in estimating your federal tax rate.

Filing Status and Federal Income Tax Rates 2022*
Tax RateMarried Filing Jointly or Qualified Widow(er)SingleHead of HouseholdMarried Filing Separately
*Caution: Do not use these tax rate schedules to figure 2021 taxes. Use only to figure 2022 estimates. Source: Rev. Proc. 2021-45
10%$0 - $20,550$0 - $10,275$0 - $14,650$0 - $10,275
12%$20,550 - $83,550$10,275 - $41,775$14,650 - $55,900$10,275 - $41,775
22%$83,550 - $178,150$41,775 - $89,075$55,900 - $89,050$41,775 - $89,075
24%$178,150 - $340,100$89,075 - $170,050$89,050 - $170,050$89,075 - $170,050
32%$340,100 - $431,900$170,050 - $215,950$170,050 - $215,950$170,050 - $215,950
35%$431,900 - $647,850$215,950 - $539,900$215,950 - $539,900$215,950 - $323,925
37%Over  $647,850Over  $539,900Over  $539,900Over  $323,925

Monthly payment

Monthly principal and interest payment (PI). Both 30-year fixed and 15-year fixed mortgages are shown.

Total payments

Total of all monthly payments made over the full term of the mortgage. Both 30-year fixed and 15-year fixed mortgages are shown.

Total interest

Total of all interest paid over the full term of the mortgage. Both 30-year fixed and 15-year fixed mortgages are shown.