Variable Rate Mortgage Calculator

The variable rate mortgage calculator can help you figure out how much interest you’ll pay over the course of your mortgage and how much your payments will be after each interest increase. It also provides a complete amortization schedule so you can see the full breakdown.

You can use this calculator by entering your full loan amount, the length of the loan in months, your starting interest rate, and your final interest rate.

Variable Rate Mortgage Calculator

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Loan Amount:
Number of Months (original terms):
Starting Interest Rate:
Incremental Interest Rate:
Number of Rate Changes:
Ending Interest Rate:
Monthly Payment (first six months):
Monthly Payment (next six months):
Monthly Payment (next six months):
Monthly Payment (next six months):
Monthly Payment (next six months):
Monthly Payment (next six months):
Monthly Payment (for remainder of loan):
Total Interest Paid on Loan:


Amortization Schedule

Payment Principal Interest Loan Balance
- -

Remaining Loan Balance

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By using this calculator you agree to terms and conditions. These calculators are designed to be informational and educational tools only, and when used alone, do not constitute investment or financial advice. We strongly recommend that you seek the advice of a financial services professional before making any type of investment or deciding on your financial matters. This model is provided as a rough approximation of future financial performance. The results presented by this calculator are hypothetical and may not reflect the actual growth of your own investments. We can't take into account potential lender fees, payoff schedule can be longer than in the estimation. Financialfreedom and its affiliates are not responsible for the consequences of any decisions or actions taken in reliance upon or as a result of the information provided by these tools. Financialfreedom is not responsible for any human or mechanical errors or omissions.

Other Mortgage Calculators

If you’re interested in fixed-rate mortgages, determine your monthly mortgage payments with one of these calculators:

Take advantage of this Refinance Calculator, if you consider refinancing your home loan.

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