🏠 Mortgage Calculator
Enter the home price, down payment percentage, interest rate, and loan term to quickly calculate your monthly payment, total interest, and total repayment. Supports both Equal Principal & Interest and Equal Principal repayment methods, with detailed payment breakdown charts and monthly amortization schedule.
⚙️ Loan Calculation
Fill in the parameters below, results update in real-time
Monthly Payment
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Total Interest
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Total Repayment
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❓ Frequently Asked Questions
Equal Principal & Interest (also called "level payment") means your monthly payment stays the same throughout the loan term, with interest making up a larger portion of early payments. Equal Principal means you pay the same principal amount each month, so your total payment decreases over time. Equal Principal results in less total interest but higher initial payments. Choose Equal Principal & Interest for predictable payments, or Equal Principal to save on total interest if you can afford higher initial payments.
This calculator only computes the loan principal and interest. It does not include property taxes, homeowners insurance, PMI (Private Mortgage Insurance), HOA fees, closing costs, or other homeownership expenses. Your actual monthly housing costs will be higher. All calculations are for reference only; actual terms depend on your lender's approval.
The default rate is for reference only. Your actual rate depends on the lender, current market rates, your credit score, down payment size, loan type, and other factors. We recommend comparing offers from multiple lenders. All calculations are performed locally in your browser and no data is sent to any server.