Mortgage Calculator
Works out the monthly cost of a mortgage from the price, deposit, rate and term.
Monthly cost
—
Share sends a link that reopens these numbers. Copy details pastes the full breakdown as a list.
Principal and interest —
Loan amount —
Total interest —
Loan-to-value — %
Year by year
The formula
loan = price × (1 − down %) payment = loan × i ÷ (1 − (1 + i)^−n)
Tax and insurance are simply added on, split over twelve months.
What to watch out for
Mortgage insurance, fees and closing costs vary by country and lender, so add your own figures where they apply.
Frequently Asked Questions
What is the payment on a 300,000 home with 20% down?
At 6% over 30 years the loan is 240,000 and the payment is 1,438.92 a month, before tax and insurance.
How much interest will I pay in total?
In that example, 278,011.65, which is more than the loan itself.