Enter the property price, deposit, rate and term to see the monthly payment, the loan, total interest and total repaid.
This mortgage calculator shows the monthly payment on a home loan. It takes the loan amount — the property price minus your deposit — and applies the standard amortization formula over the term, so each payment covers the month's interest plus a slice of the principal. You also see the total interest and total repaid, which reveal the real cost of the loan over its life.
A larger deposit reduces the loan and the interest, and a lower loan-to-value often earns a better rate. A shorter term raises the monthly payment but slashes total interest. This estimate covers principal and interest only — budget separately for taxes, insurance and fees.
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