🏠 Mortgage Calculator

Calculate detailed mortgage payments with amortization schedules, extra payments analysis, and regional comparisons. 💰 Monthly payments • Total interest • Payoff time • Amortization schedule • Regional presets

10% of value
%
years
per month
Pay off faster & save on interest
/year
/year
📊 Compare Scenarios:
💰 Mortgage Summary
Ready to calculate
Monthly Payment
–
Principal & Interest
Total Interest
–
Over loan term
Payoff Time
–
Years & Months
Total Cost
–
Principal + Interest
📊 Loan Amount
–
📈 Interest Rate
–
💰 Monthly Extra
–
📊 Amortization Schedule
Loan Balance
Interest Paid
Principal Paid
📚 Mortgage Concepts Explained
📈 Amortization Formula
M = P × [r(1+r)^n] / [(1+r)^n - 1]
Where:
M = Monthly payment
P = Principal loan amount
r = Monthly interest rate
n = Number of payments
💰 Extra Payments
Extra payments go directly toward principal, reducing:
• Total interest paid
• Loan term length
• Future interest calculations
Even small extra payments can save thousands!
🏛️ Property Taxes & Insurance
Lenders often require escrow for:
• Property taxes (1-3% of home value)
• Homeowners insurance (0.3-0.5%)
• PMI if down payment < 20%
These add to your monthly housing costs.
📊 Regional Differences
Mortgage terms vary by country:
• US: 30-year fixed common
• UK: 25-year with 5-10% down
• Japan: 35-year with low rates
• Germany: 20-year with strict requirements