Mortgage Repayment Calculator
A Mortgage Repayment Calculator is an online tool that calculates your estimated monthly mortgage payment based on your loan amount, interest rate, and loan term.
Instantly calculate your mortgage payments with our easy mortgage repayment calculator. Enter the loan amount, interest rate, and term for your monthly payment.
Enquiry Form
How Does Mortgage Repayment Calculator Work?
To use a mortgage calculator, simply enter the:
- Loan amount: The total amount you're borrowing for the home.
- Interest rate: The annual percentage rate (APR) of the loan, which reflects the cost of borrowing.
- Loan term: The number of years over which you'll be repaying the loan, typically 15, 20, or 30 years.
Once entered, the calculator applies a formula to estimate your monthly repayment. Some calculators also show interest-only payments, which can be helpful if you're considering an interest-only mortgage option.