Our Mortgage Calculator is an essential tool designed to help individuals and professionals
calculate mortgage payments accurately. Whether you are buying your first home, refinancing an existing loan, or
planning a mortgage investment, this calculator provides quick and precise results.
A mortgage is a type of loan used to purchase or maintain a home, land, or other types of real estate. The
borrower agrees to pay back the lender over time, typically through monthly payments that include both principal
and interest. Learn more about mortgages from Investopedia.
This mortgage calculator allows you to compute your loan repayment based on various parameters:
An amortized mortgage requires regular payments that include both principal and interest, gradually reducing the
loan balance. Most traditional home loans follow this model. Learn more about amortization.
A deferred payment mortgage allows the borrower to postpone payments for a specific period, commonly used for
student loans or certain home loans. Interest may still accrue during the deferment period.
A bond mortgage is often used for government or corporate financing. It involves raising funds through bond
issuance and paying interest to bondholders over time.
Interest rates impact the total cost of a mortgage. A lower rate means lower monthly payments, while a higher
rate increases costs. Interest rates vary based on economic conditions and creditworthiness. Check current mortgage
rates.
A fixed-rate mortgage has a constant interest rate for the loan term, while an
adjustable-rate mortgage (ARM) has variable rates that change periodically.
Compounding determines how often interest is calculated and added to the loan balance. More frequent compounding
results in higher interest costs. Read about compound interest.
You can lower mortgage payments by making a larger down payment, choosing a longer loan term, or refinancing at
a lower interest rate.