- Principal & Interest: $0
- Extra Monthly Payment: $0
- One-time Payment: $0
Mortgage Calculator
Calculate your home loan payments and see how extra payments can save you money
Mortgage Calculator
Results
Enter your loan details and click calculate to see results
Extra Repayment Savings!
Money saved:
$0
Loan term reduced:
0 years
These savings are based on your extra repayments. If you make extra payments, you can pay off your loan faster and save on interest.
Mortgage Calculators: Your Complete Guide to Home Financing
Understanding Mortgages
Mortgages are long-term loans used to purchase real estate, typically homes. Our comprehensive suite of mortgage calculators helps you estimate monthly payments, total interest, and understand how extra payments can significantly reduce your loan term and save thousands in interest.
Key Features of Our Mortgage Calculators
- Country-Specific Calculations: Tailored for US, UK, Canada, and Australia with local regulations and tax considerations.
- Multiple Repayment Types: Support for principal & interest, interest-only, and other repayment structures.
- Extra Payment Analysis: See how additional payments can dramatically reduce your loan term.
- Amortization Schedules: Detailed payment breakdowns showing principal and interest for each payment.
- Regulatory Compliance: Adheres to local mortgage regulations and disclosure requirements.
How to Choose the Right Calculator
Select the calculator for your country to get the most accurate results. Each calculator includes country-specific features like:
- US: APR calculations, PMI considerations, TILA compliance
- UK: LTV ratios, APR calculations, mortgage regulation compliance
- Canada: CMHC insurance, provincial considerations, mortgage stress tests
- Australia: LMI considerations, comparison rates, NCCP compliance
Mortgage Tips
- Compare rates from multiple lenders and mortgage brokers.
- Consider the total cost of homeownership, including taxes and insurance.
- Make extra payments whenever possible to reduce your loan term.
- Understand all fees and closing costs before signing.
- Review your credit score and financial situation before applying.
Why Use Our Calculators?
- Accurate and Up-to-Date: All calculations use current formulas and regulations.
- Comprehensive: Include all major costs and fees in your calculations.
- Educational: Help you understand the true cost of your mortgage.
- Free and Accessible: No registration required, available 24/7.
Need Country-Specific Features?
Get advanced calculations with local fees, taxes, and regulations
Amortization Schedule
Important Information:
Representative Example: Based on a mortgage of $320,000 over 30 years at a rate of 6.0% p.a. Monthly payments of $1,919. Total amount payable $690,840. (This is an example only and does not constitute an offer.)
How we calculate your payment: Monthly payment is calculated using the standard amortization formula:
where L is the loan amount, r is the monthly interest rate, and N is the total number of payments.
Disclaimer: This calculator is provided for general information only and does not take into account your personal objectives, financial situation or needs. It is not mortgage advice and we are not licensed mortgage advisers. You should obtain and consider the relevant Product Disclosure Statement (PDS) and seek independent, professional advice from a licensed mortgage adviser or financial planner before making any decisions.
Important: All figures are estimates based on information you provide. Actual mortgage terms, rates, and fees will vary by lender and individual credit profile. This calculator does not constitute financial advice and should not be relied upon as such.
How we calculate your payment: Monthly payment is calculated using the standard amortization formula:
P = [r × L × (1 + r)N] / [(1 + r)N - 1]where L is the loan amount, r is the monthly interest rate, and N is the total number of payments.
Disclaimer: This calculator is provided for general information only and does not take into account your personal objectives, financial situation or needs. It is not mortgage advice and we are not licensed mortgage advisers. You should obtain and consider the relevant Product Disclosure Statement (PDS) and seek independent, professional advice from a licensed mortgage adviser or financial planner before making any decisions.
Important: All figures are estimates based on information you provide. Actual mortgage terms, rates, and fees will vary by lender and individual credit profile. This calculator does not constitute financial advice and should not be relied upon as such.