What Do My Payments Go Toward?
Our amortization calculator will help you determine how much of your monthly payment will go toward the principal and how much will go toward the interest. Simply fill out the fields below and click on calculate.
The results of the mortgage calculator are estimates only and are subject to change depending on applicant’s credit profile and loan product criteria. The mortgage calculation is based on the purchase/refinance of an owner-occupied single family residence located in zip code entered above. The current value of the property and loan amount are based on inputs received.The displayed interest rate and monthly mortgage payment amount are subject to change without notice and are computed based on current market rates and inputs provided. Taxes, insurance and other home related charges, such as a home association dues, are not included in the payment amount, and they may increase the payment amount or have to be paid outside the mortgage payment. Mortgage loans are subject to credit approval, and this is NOT a commitment to lend. For illustrative purposes, a loan balance of $200,000.00 has an annual percentage rate (APR) for a 30 year fixed mortgage estimated at 5.105% and for a 15 year fixed rate mortgage estimated at 4.930%. The APR is subject to change. The APR calculation is based on closing costs estimate of $2,400.00, and calculated based on the subject property being located in the State of California. Please note that the APR will differ based on property location, loan amount and costs of closing. The above calculation assumes the mortgage loan is a first lien, and the FICO score of the applicant is 720 or above.
Depending on loan product, mortgage insurance may be required. If required, mortgage insurance may increase the APR and monthly mortgage payment.
Homeward Residential Inc. is not licensed to originate mortgage loans in all states.
*By clicking the Get Started button you expressly consent to having Ocwen Loan Servicing, LLC share your contact information with its lending subsidiary Homeward Residential, Inc. (Homeward). You also are providing your consent for Ocwen Loan Servicing and Homeward to contact you about your inquiry by phone (including automatic telephone dialing system or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You understand that these calls may include advertisements or telemarketing messages. You do not have to agree to receive such calls or messages as a condition of getting any service from Ocwen Loan Servicing or its subsidiaries. By communicating with Homeward by phone, you consent to calls being recorded or monitored. Homeward may be contacted at any time to change this consent.