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Mortgage calculator
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About this tool
Estimate mortgage payments and total interest using equal-payment or equal-principal repayment.
Common uses
- Estimate mortgage payments and total interest using equal-payment or equal-principal repayment.
- Enter principal, annual interest rate, and a whole loan term from 1 to 50 years.
How to use it
- 1.Enter principal, annual interest rate, and a whole loan term from 1 to 50 years.
- 2.Choose the repayment method and compare first or regular payment, last payment, total interest, and total paid.
Limits and notes
- Uses a fixed annual rate divided by 12, with rates from 0–100% and principal up to 10^12. Fees, insurance, changing rates, and early repayments are not modeled.
Frequently asked questions
What does this tool do?
Estimate mortgage payments and total interest using equal-payment or equal-principal repayment.
What should I check before using the result?
Uses a fixed annual rate divided by 12, with rates from 0–100% and principal up to 10^12. Fees, insurance, changing rates, and early repayments are not modeled.