Mortgage Calculator

The standard annuity formula used by banks: fixed monthly payments where early payments are mostly interest and later ones mostly principal.

Interest accrues on the outstanding balance over decades. On long terms, total interest often approaches or exceeds the borrowed amount — which is why comparing terms matters.

Longer terms lower the monthly payment but raise total interest sharply. The calculator makes this trade-off visible in seconds.

No — it's a planning tool using standard math. Banks add fees, insurance and rate specifics; use results as a comparison baseline.