Mortgage Calculator

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Monthly Principal & Interest:

Total Repayment:

Total Interest Paid:

Understanding Your Mortgage

Learn how monthly payments are split between principal and interest. Understand the effect of interest rates, loan terms, and down payments. Explore full amortization tables to see how your loan evolves over time.

Formula for Monthly Payment: M = P[r(1+r)^n]/[(1+r)^n – 1]
Where M = monthly payment, P = principal, r = monthly interest rate, n = number of payments
See how extra payments impact your total repayment and reduce interest paid.