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Mortgage Calculator
Calculate your monthly payment and total costs
🏠 Loan Details
$
$
20%
%
Monthly Payment
$2,022
per month
📊 Loan Breakdown
Loan Amount
$320,000
Total of 360 Payments
$727,857
Total Interest
$407,857
Payoff Date
Jan 2055
Principal
Interest
| Year | Principal | Interest | Balance |
|---|
How to use the Mortgage Calculator
- Enter the property price and your deposit.
- Enter the interest rate and the term in years.
- Read the monthly payment, total interest and the amortisation schedule.
Frequently asked questions
Does it include tax and insurance?
No. It calculates principal and interest. Add property tax, insurance and any service charge to get your true monthly cost.
Is the rate fixed for the whole term?
The calculation assumes a fixed rate. For a variable or tracker deal, re-run it at the rates you expect after the fixed period.
Is this financial advice?
No. It is arithmetic. Speak to a mortgage adviser before you commit.