Mortgage calculator
Enter the loan amount, rate and term to see the monthly payment and total interest.
How to use
- Enter the loan amount, annual interest rate and term in years.
- Choose the repayment method and, if needed, an interest-only period.
- Read the monthly payment, total interest and the yearly schedule.
Mortgage calculator
Equal monthly payments (an annuity) keep the payment the same every month, while equal principal payments start higher and fall over time but cost less interest in total. An interest-only period means only interest is paid at first, and the principal is then repaid over the remaining term.
The results are estimates using a fixed rate and monthly compounding. Your lender's figures can differ because of rounding, fees, insurance, taxes or rate changes. Use it for planning and comparison; it is not financial advice or a loan offer.
Frequently asked questions
Which currency does it use?
Any. Enter the amount in your own currency; the results use the same unit.
Which method costs less?
Equal principal payments usually cost less interest in total, but the first payments are higher.
Does it include taxes and insurance?
No. It covers principal and interest only.