Mortgage an loan calculator

Enter di price, yuh down payment, di interest rate an di term — see di monthly payment, di total interest an weh an extra monthly payment woulda save.

Work in any currency — put amounts inna di one yuh use.

Monthly payment1,334
Loan amount240,000
Total interest160,199
Total paid, wid down payment460,199
Loan-to-value80%
Payment as a share of income22.2%
Price yuh income allows437,812

Year-by-year schedule
YearPrincipal paidInterest payBalance left
15,31710,691234,683
25,56110,447229,122
35,81610,192223,306
46,0849,924217,222
56,3639,645210,859
66,6559,352204,203
76,9619,047197,242
87,2818,727189,961
97,6168,392182,346
107,9658,043174,380
118,3317,677166,049
128,7147,294157,335
139,1146,894148,221
149,5336,475138,688
159,9716,037128,717
1610,4295,579118,287
1710,9085,100107,379
1811,4094,59995,970
1911,9334,07584,036
2012,4823,52671,555
2113,0552,95358,500
2213,6552,35344,845
2314,2821,72630,563
2414,9381,07015,625
2515,6253830

How di payment is calculated

Most mortgages an consumer loans dem repay inna equal monthly installments (an annuity). Each payment first cover di interest pan weh yuh still owe, an di rest reduce di debt — so early payments a mostly interest an later ones mostly principal.

Loan-to-value (LTV) a di loan as a share a di price. Lenders usually offer better rates below 80% LTV, an some require mortgage insurance above it.

Ways fi pay less

  • Compare di annual percentage rate (APR) fram several lenders, not jus di headline rate — di APR include fees.
  • A bigger down payment lower both di payment an di total interest, an often get a betta rate.
  • Even a likkle extra payment each month can tek years off di loan — check weda yuh lender charge fi early repayment.
  • Keep a cushion: rates, taxes an insurance can change, an a fixed rate usually last only fi a set period.

Di results dem a estimates fi guidance only. A lender's offer depend pan yuh credit history, fees, insurance an local rules — always check di final figures wid di lender.

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