Mortgage Calculator
Calculate monthly payments, total interest and full amortization schedule for any loan.
🏠 Buying a First Home
Calculate your monthly payment for a €250,000 starter home with a 20% down payment over 30 years.
⚡ 15 vs 30 Year Term
Compare a 15-year mortgage to a 30-year one to see how much total interest you'd save by paying more monthly.
Mortgage Glossary
The process of paying off debt over time through regular payments of principal and interest.
The original amount of money borrowed, excluding any interest or fees.
Private Mortgage Insurance, usually required if your down payment is less than 20%.
How it calculates
M = P [ r(1 + r)^n ] / [ (1 + r)^n - 1]
M = Monthly payment | P = Principal loan amount | r = Monthly interest rate | n = Number of months
Frequently Asked Questions
Common questions about the Mortgage Calculator.
Should I choose a fixed or variable rate?
Fixed rates offer stability as your payment never changes, while variable rates (ARMs) often start lower but can increase over time. Choose fixed if you value predictability.
What is an amortization schedule?
It is a table showing every monthly payment over the life of the loan. It breaks down how much of each payment goes toward the interest versus the loan balance (principal).