Winchester Co-operative Bank -- Links & Tools

Mortgage Loan Calculator

Use this calculator to generate an amortization schedule for your current mortgage. Quickly see how much interest you will pay, and your principal balances. You can even determine the impact of any principal prepayments! Press the report button for a full amortization schedule, either by year or by month.

Definitions

Mortgage amount	Original or expected balance for your mortgage.
Interest rate	Annual interest rate for this 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.
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 a one time payment.
Prepayment amount	Amount that will be prepaid on your mortgage. This amount will be applied to the mortgages 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 months interest calculation.
Savings	Total amount of interest you will save by prepaying your mortgage.

Calculators
Mortgage Loan Calculator	Use this calculator to determine your monthly payment and amortization schedule.
Amortizing Loan Calculator	Enter your desired payment - and let us calculate your loan amount. Or, enter in the loan amount and we will calculate your monthly payment!
Savings Calculator	Find out how consistent investments over a number of years can be an effective strategy to accumulate wealth.
Cool Million	Find out when your savings plan will make you a millionaire!
Checkbook Balancer	Balance your checkbook with this quick and easy calculator.

Please note that all financial calculators require a Java enabled browser. For best results use Internet Explorer 4.0 and higher or Netscape Navigator 4.0 and higher.

information and interactive calculators are made available to you as self-help tools for your independent use. We can not and do not guarantee their accuracy or their applicability to your circumstances. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.

Equal Housing Lender

19 Church Street
Winchester, MA 01890

PHONE: 781-729-3620
Bank by Phone: 877-WCB-BANK (877-922-2265)
Hours: M-W 8:00 - 4:00
Th-F 8:00 - 7:00
Sat 8:00 - 12:30