First Mortgage Payment Date Calculator

For many individuals embarking on the journey of homeownership, understanding when the first mortgage payment is due is crucial. The First Mortgage Payment Date Calculator serves as a valuable tool in this process, providing clarity on when the initial payment must be made.


The calculation involves determining the monthly mortgage payment using the loan amount, annual interest rate, and loan term, which is then used to ascertain the first payment date.

How to Use

  1. Enter the loan amount in dollars.
  2. Input the annual interest rate as a percentage.
  3. Specify the loan term in years.
  4. Click on the “Calculate” button to obtain the first mortgage payment date.


Suppose you have taken out a loan of $200,000 with an annual interest rate of 4.5% for a term of 30 years. Upon entering these values into the calculator and clicking “Calculate,” you’ll find out when your first mortgage payment is due.


  1. Q: Can this calculator be used for any type of mortgage? A: Yes, this calculator works for various types of mortgages, including fixed-rate and adjustable-rate mortgages.
  2. Q: What if I want to calculate the payment date for an interest-only mortgage? A: This calculator computes the payment date based on the standard amortizing mortgage formula. For interest-only mortgages, consult with your lender or financial advisor for accurate information.
  3. Q: Is the result provided by the calculator precise? A: The calculator offers an estimation based on the inputs provided. For exact payment dates, consult your lender or loan agreement.
  4. Q: Can I use this calculator for commercial mortgages? A: Yes, the calculator can be utilized for both residential and commercial mortgages.
  5. Q: What if I want to make additional payments towards my mortgage? A: This calculator provides the date for the first scheduled payment. Additional payments may affect subsequent payment dates.


The First Mortgage Payment Date Calculator simplifies the process of determining when your initial mortgage payment is due. By inputting essential loan details, individuals gain valuable insights into their financial obligations, empowering informed decision-making in homeownership journeys.

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