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Finance

Mortgage calculator

Enter the property price, your own money, the interest rate and the term. You get the monthly payment, how much you pay in interest over the whole loan and a schedule you can download to Excel. Try an extra payment or a different rate and see the difference straight away.

Monthly payment
1,145.80 $
Loan amount: 240,000 $
Total interest
172,487 $
Total paid
412,487 $
Loan to value (LTV)
80 %
1: Repayment 4,226 $, Interest 9,523 $12: Repayment 4,399 $, Interest 9,351 $3: Repayment 4,578 $, Interest 9,172 $4: Repayment 4,764 $, Interest 8,985 $5: Repayment 4,959 $, Interest 8,791 $56: Repayment 5,161 $, Interest 8,589 $7: Repayment 5,371 $, Interest 8,379 $8: Repayment 5,590 $, Interest 8,160 $9: Repayment 5,817 $, Interest 7,932 $10: Repayment 6,054 $, Interest 7,695 $1011: Repayment 6,301 $, Interest 7,449 $12: Repayment 6,558 $, Interest 7,192 $13: Repayment 6,825 $, Interest 6,925 $14: Repayment 7,103 $, Interest 6,647 $15: Repayment 7,392 $, Interest 6,357 $1516: Repayment 7,693 $, Interest 6,056 $17: Repayment 8,007 $, Interest 5,743 $18: Repayment 8,333 $, Interest 5,416 $19: Repayment 8,673 $, Interest 5,077 $20: Repayment 9,026 $, Interest 4,724 $2021: Repayment 9,394 $, Interest 4,356 $22: Repayment 9,776 $, Interest 3,973 $23: Repayment 10,175 $, Interest 3,575 $24: Repayment 10,589 $, Interest 3,160 $25: Repayment 11,021 $, Interest 2,729 $2526: Repayment 11,470 $, Interest 2,280 $27: Repayment 11,937 $, Interest 1,813 $28: Repayment 12,423 $, Interest 1,326 $29: Repayment 12,929 $, Interest 820 $30: Repayment 13,456 $, Interest 293 $30
RepaymentInterest
Extra payments · Compare with rate

Repayment schedule

YearTotal paidInterestRepaymentBalance
113,749.56 $9,523.07 $4,226.49 $235,773.51 $
213,749.56 $9,350.88 $4,398.68 $231,374.83 $
313,749.56 $9,171.67 $4,577.89 $226,796.94 $
413,749.56 $8,985.16 $4,764.40 $222,032.54 $
513,749.56 $8,791.05 $4,958.51 $217,074.03 $
613,749.56 $8,589.03 $5,160.53 $211,913.50 $
713,749.56 $8,378.79 $5,370.77 $206,542.73 $
813,749.56 $8,159.97 $5,589.59 $200,953.14 $
913,749.56 $7,932.24 $5,817.32 $195,135.83 $
1013,749.56 $7,695.24 $6,054.32 $189,081.50 $
1113,749.56 $7,448.57 $6,300.99 $182,780.52 $
1213,749.56 $7,191.86 $6,557.70 $176,222.82 $

The result is an estimate for orientation, not financial advice or an offer. Actual terms are set by your bank or provider.

How we calculate

The payment is a standard annuity: every month you pay the same amount, made up of interest and repayment. Payment = L × r / (1 − (1 + r)^−n), where L is the loan, r the monthly rate (yearly rate ÷ 12) and n the number of months.

Interest for each month is the remaining balance × r; the rest of the payment reduces the balance. An extra payment goes straight to the balance. You choose whether to keep the payment and finish sooner, or keep the term and pay less from then on.

Banks may round, charge fees or insurance and change the rate after the fixed period. The result shows the loan itself, without those costs.

Formulas and rates checked: 10/21/2026

Questions

What is loan-to-value (LTV)?
The loan as a percentage of the property value. A lower LTV usually means a better rate; banks and regulators set the maximum.
Is it better to shorten the loan or lower the payment after an extra payment?
Shortening saves more interest; lowering the payment frees up monthly budget. The calculator shows both so you can compare.
Does the result include fees and insurance?
No. It shows the loan and its interest. Add bank fees and insurance from your offer — the loan calculator turns fees into an APR.