Loan & Mortgage Calculator
Estimate a fixed-rate loan payment from the amount borrowed, annual interest rate and term. Add a down payment or optional monthly overpayment.
How to use it
- Enter the purchase price or loan amount and down payment.
- Add the annual interest rate and loan term.
- Optionally add an extra monthly principal payment and choose a display currency.
- Review the monthly payment, total interest and total paid estimates.
Limitations
- Assumes a fixed annual interest rate and equal monthly payments.
- Does not include property tax, home insurance, mortgage insurance, lender fees, closing costs or variable-rate changes.
- Currency selection formats the display only; no exchange rate is applied.
- This is an estimate, not a loan offer, financial advice or a statement of local lending rules.
Frequently asked questions
What does the monthly payment include?
Principal and interest, plus any optional extra monthly payment entered. It excludes tax, insurance and fees.
Does a down payment change the interest rate?
No. The calculator uses the rate you enter and subtracts the down payment from the amount financed.
Does it include taxes and insurance?
No. Add those costs separately when comparing real loan offers.
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