Advertisement
Mortgage & Loan Calculator
Calculate monthly mortgage or loan payments and visualize the full amortization schedule.
Loading Mortgage & Loan Calculator… If nothing happens, please enable JavaScript.
About Mortgage & Loan Calculator
A mortgage payment is calculated using the standard amortization formula based on the principal, the annual interest rate and the loan term. Each payment covers part interest and part principal, the split shifts as the balance shrinks.
This calculator computes the monthly payment, the total interest paid, and the full amortization schedule entirely in your browser.
Frequently asked questions
Which formula is used?
The standard amortization formula: M = P · r(1+r)^n / ((1+r)^n - 1), where r is the monthly rate and n the number of payments.
Does it support extra payments?
Not yet, extra payments and bi-weekly schedules are on the roadmap.
Is the calculation accurate?
It uses the exact mathematical formula but real-world mortgages may include taxes, insurance and fees. Treat the result as a baseline.
Advertisement