Mortgage Calculator

Select your currency, enter your loan details, and click 'Calculate Mortgage' to see your estimated repayments. Use 'View Amortisation Schedule' to inspect or print the full payment plan.

Does it include taxes?

What is this tool used for?

This tool is used to calculate estimated monthly mortgage repayments and the total cost of borrowing based on the standard annuity method. It helps users determine affordable loan amounts by inputting the principal, interest rate, and term, while also providing a detailed amortisation schedule to visualise how each payment reduces the balance over time across various global currencies.

This tool focuses strictly on the 'Principal and Interest' components of your loan to provide a clear baseline of your borrowing costs using the standard annuity formula. It does not automatically include variable external factors such as local property taxes, home insurance premiums, or private mortgage insurance (PMI), meaning your actual total monthly payment to a lender could be higher depending on these additional specific costs.

In which areas can I use it in real life?

This tool is essential for real-life financial planning, primarily aiding prospective homebuyers in estimating monthly repayments to ensure property affordability within their budget. It is also highly valuable for analysing refinancing opportunities by comparing current mortgage terms against new offers, evaluating the profitability of buy-to-let investments, and calculating repayments for other long-term fixed-rate finance needs such as personal loans or vehicle purchases.

Can I print the schedule?

Yes, after calculating your mortgage, simply click the 'View Amortisation Schedule' button to generate a detailed month-by-month breakdown of your payments. Within this view, there is a dedicated 'Print' button designed to format the table into a clean, professional layout, allowing you to easily print a physical copy or save the schedule as a PDF file for future reference.