Tell us a few things about yourself, and this calculator will show you how much is your monthly payment and the total interest you will be paying.
Disclaimer: All calculations are an estimate and should only be used as a reference and for entertainment purposes only. For all financial advice, you should approach a good financial or legal adviser, who can help you understand complex issues, diagnose potential problems and take steps to plan for the future.
Using this mortgage calculator
Simple Mortgage Calculator helps you to calculate how much you need to set aside for your home payment on a monthly basis so that you can plan ahead for your home purchase. You can be in control of your future! Plan Ahead Plan Your Future!
3 items to enter to get your results now:
- Loan Amount
- Interest Rate
- Number of Months
We will help you calculate the monthly payment required for your mortgage loan so you can plan ahead and check your affordability for the new home purchase you are planning.
Here you will enter the total loan amount you will require for your home purchase.
This is the interest rate your bank or lender is loaning you the money for. This field is Interest Rate Per Year.
If your interest rate is 7.5% per year please enter 7.5 in the field above
Note: For interest that is compounded on a monthly, quarterly, or any other time frame other than a yearly basis, this will not be accurate. This calculator is only for a loan that is compounded on a yearly basis.
Number of Months
This is the period your bank or lender is loaning you the money for. This field is the total number of months you borrow.
If your loan is 10 years please enter 120 in the field above
- 10 years = 120 months
Plan ahead, because your future is worth it!
Head over and try the calculator Now!
Be the Hero By Sharing
Tell your friends and family by clicking the share button. Be the one who helps them to prepare for their financial future by sharing this with them because you love them. Comfortable retirement needs early planning and you can play a part in their future too.
Join 900+ BUDDIES who are growing their wealth with our weekly Income Newsletter
Why this mortgage calculator?
Simple | Real-time | Practical