Mortgage Calculator

Monthly payment including tax and insurance, plus full amortisation.

Mortgage Calculator

Fast online calculation engine

Loan Principal Amount

Interest Rate (% p.a.)

Tenure (Years)

Monthly EMI2,124.7

Total Interest27,482.27

Total Payment127,482.27

Ad Space (auto) — Configurable via NEXT_PUBLIC_ADSENSE_CLIENT

What does Mortgage Calculator do?

Calculate a mortgage payment from the property price, deposit, interest rate and term. Optional property tax and insurance are folded in to give the real monthly outgoing, and the amortisation schedule shows exactly when you cross into paying mostly principal.

How to Use Mortgage Calculator

1
Enter the property priceThe purchase price you are budgeting for.
2
Enter your depositAs a cash amount or a percentage.
3
Set the rate and termThe annual interest rate and length in years.
4
Add tax and insuranceOptional annual figures, converted to a monthly cost.

Key Features

Principal and interest, plus optional property tax and insurance
Deposit entered as an amount or a percentage of the price
Loan-to-value ratio calculated automatically
Full amortisation schedule with yearly summaries
Total interest over the life of the loan shown up front

Frequently Asked Questions

What does PITI mean?

Principal, Interest, Taxes and Insurance — the four components of a typical monthly mortgage payment in the US. This calculator shows each part separately.

How much deposit do I need?

That is set by your lender and market, not by arithmetic. What the calculator shows is the effect: a larger deposit lowers the loan-to-value ratio, which usually unlocks a better rate and removes mortgage insurance requirements.

Why is the total interest almost as much as the house?

Because of the term. At 7% over 30 years you pay roughly 1.4 times the loan amount in interest. Cutting to 20 years raises the monthly payment by about 20% but cuts total interest by nearly 40%.

Does this include closing costs or stamp duty?

No. Those are one-off costs paid at purchase, not part of the monthly repayment. Budget for them separately — they typically run to a few percent of the price.

100% Data Privacy

Your data and files are processed strictly inside your browser. No data is stored, logged or uploaded to any server.