The The mortgage calculator helps you estimate your monthly payment, total interest, and the full cost of a home loan before you visit a bank. Knowing the payment size, a borrower can easily determine the maximum loan amount that fits their budget and choose the right loan term.
Enter the home price and your down payment — in currency or percent, the loan amount updates automatically. Then set the loan term and interest rate. Choose the payment type — annuity (fixed) or differentiated (declining) — and the calculator instantly shows the monthly payment, total interest, and a full month-by-month amortization schedule.
With an annuity payment the monthly amount stays the same for the whole term: you mostly pay interest at first and more principal later. With a differentiated payment the principal is repaid in equal chunks, so the payment decreases every month and the total interest is usually lower — but the first payments are noticeably higher.
The calculator supports multiple extra repayments with a month and amount for each. Pick the recalculation method: reduce the payment (same term, lower monthly load) or reduce the term (same payment, the loan ends sooner). The second option usually saves more interest.
In the US, the monthly housing payment often includes more than principal and interest. PITI = Principal + Interest + property Taxes + home Insurance. For US visitors this calculator adds property tax (a yearly percentage of the home price) and home insurance to the monthly payment, so the result reflects the real payment lenders quote.
The monthly payment is computed as A = P × r / (1 − (1 + r)−n), where P is the loan amount, r is the monthly rate (annual rate / 12), and n is the term in months. Example: a $500,000 loan at 6% for 30 years ≈ $2,998 per month.
This calculation is an estimate. For exact figures, contact your lender.