Mortgage Calculator
Summary
Calculates your fixed monthly mortgage payment and shows the full cost of the loan including total interest paid over the life of the mortgage.
Example
A $200,000 loan at 4% for 30 years results in a monthly payment of $954.83, with $143,739 paid in interest over 360 months.
Explanation of Results
Monthly Payment is your fixed payment due each month. Total Payments is the number of monthly instalments. Total Interest is the cost of borrowing above the principal — the longer the term, the more interest accrues. Total Amount Paid is principal plus all interest.
