Mortgage Calculator lets you compute fixed-rate mortgage payments and walk through detailed amortization schedules. Perfect for planning your home loan or comparing financing options.
🎯 Key Features
- Input loan amount, annual interest rate, and loan term in years.
- Choose payment frequency: monthly, quarterly, semi-annual, or annual.
- Instant calculation of your fixed payment amount based on common formulas (e.g. French amortization).
- Detailed amortization schedule showing payment splits (principal vs interest), remaining balance over time.
- View insights like total interest paid, total number of payments, and breakdowns for first & last payments.
✅ Why It’s Useful
- Helps you budget: knowing your monthly payment and total interest lets you plan ahead.
- Great for comparing different loan terms (e.g. 15-year vs 30-year) or different interest rates.
- Useful when considering refinancing: see what savings or costs you get with a new rate or shorter term.
- Supports property investment decisions: helps figure out cash flow, equity buildup, and long-term cost of homeownership.
If you’re evaluating a home purchase, refinancing, or just want to see how much a mortgage really costs over time, using the Mortgage Calculator gives you transparency into both payments and interest burden.
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