Loan & Mortgage Calculator
Estimate your monthly payments and see exactly how much interest you'll pay over time.
Loan Details
20.0% of loan
How Mortgage Calculations Work
A mortgage calculator helps borrowers estimate their monthly loan payments. The calculation takes into account the principal loan amount, the interest rate charged by the lender, and the length of time over which the loan will be paid off (the term).
This tool uses the standard amortization formula to determine the fixed monthly payment required to fully pay off the loan by the end of the term. It also breaks down how much of each payment goes toward interest versus principal, helping you visualize the true cost of borrowing.