Mortgage & Loan Calculator
Enter the home price or loan amount, your down payment, the interest rate and the term. You get the monthly payment, the total interest and the total you will repay.
How to use it
- Enter the price and your down payment as a percentage.
- Enter the yearly interest rate and the term in years.
- Read the loan amount, monthly payment, total interest and total paid.
Frequently asked questions
How is the payment calculated?
It uses the standard amortisation formula: payment = loan × r ÷ (1 − (1 + r)^−n), where r is the monthly rate and n the number of monthly payments.
What is not included?
Property tax, insurance, fees and any mortgage insurance are not included.
Can I use it for car or personal loans?
Yes. Enter the loan amount, set the down payment to 0 and enter the rate and term.
This is an estimate for general information, not tax, legal or financial advice.