Graduated Payment Mortgage Calculator
Calculate a mortgage with payments that start lower and increase annually over a graduation period.
Important Financial Disclaimer
This calculator provides estimates based on standard financial formulas from verified references. Results are for informational and educational purposes only and should not be considered as professional financial, investment, or tax advice.
For important financial decisions such as loans, investments, mortgages, retirement planning, or tax matters, please consult with qualified financial advisors, certified financial planners, or licensed tax professionals who can review your specific situation.
Calculations may not account for all variables specific to your circumstances, local regulations, or current market conditions. Always verify results and consult professionals before making financial commitments.
Not a substitute for professional financial advice
GPM Details
Note: GPM loans may have negative amortization in early years when payments do not cover full interest.
Initial Payment
$1,334.74
Year 1
Final Payment
$1,916.19
After graduation
Payment Schedule
| Year | Payment | Principal | Balance |
|---|---|---|---|
| 1 | $1,334.74 | -$2,038.60 | $302,038.60 |
| 2 | $1,434.84 | -$929.48 | $302,968.08 |
| 3 | $1,542.46 | $340.66 | $302,627.43 |
| 4 | $1,658.14 | $1,788.70 | $300,838.73 |
| 5 | $1,782.50 | $3,433.08 | $297,405.65 |
| 6 | $1,916.19 | $5,293.94 | $292,111.71 |
| 7 | $1,916.19 | $5,620.45 | $286,491.26 |
| 8 | $1,916.19 | $5,967.11 | $280,524.14 |
| 9 | $1,916.19 | $6,335.15 | $274,188.99 |
| 10 | $1,916.19 | $6,725.89 | $267,463.10 |
Negative Amortization: $2,968.08 will be added to your loan balance.
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sources
- β’Reserve Bank of India (RBI) β Financial regulations, lending rates, and monetary policy guidelines. rbi.org.in
- β’Consumer Financial Protection Bureau (CFPB) β Consumer finance guidelines, mortgage and loan disclosure standards. consumerfinance.gov
- β’Securities and Exchange Board of India (SEBI) β Investment and securities market regulations. sebi.gov.in
- β’Investopedia β Financial formulas, definitions, and educational content. investopedia.com
For a complete list of all references used across the site, visit our full sources page.
Editorial Note
MyCalcBuddy Editorial Team
This page is maintained as an educational calculator reference.
Formula Source: Fundamentals of Financial Management
by Brigham & Houston