Mortgage Calculator
Monthly payment including tax, insurance and the full amortisation.
About this mortgage calculator
A mortgage payment is rarely just principal and interest. Property tax, home insurance and — below a certain deposit — mortgage insurance are usually collected with it, and leaving them out is how people end up surprised by the real monthly figure.
This includes all four, shows what each contributes, and produces a year-by-year amortisation table so you can see how long it takes before you are paying off more principal than interest.
How to use it
- Enter the property price and your deposit.
- Set the interest rate and the term.
- Add annual property tax, insurance and any mortgage insurance rate.
- Read the full monthly payment, then expand the schedule.
Mortgage Calculator — FAQ
What is included in the monthly payment?
Principal and interest, plus one twelfth of the annual property tax, home insurance and mortgage insurance where it applies. Lenders often call this PITI.
When does mortgage insurance stop?
Typically once your equity reaches 20% of the property value, though the rules vary by lender and country. The schedule marks the year that happens.
Why is so much of my early payment interest?
Interest is charged on the outstanding balance, which is highest at the start. The crossover — where principal exceeds interest in a payment — is marked in the table.
Is this an offer or advice?
No. It is a maths tool. Your actual rate, fees and eligibility come from a lender, and you should get a formal illustration before committing.