Mortgage Calculator
Calculate monthly repayments for a principal and interest (P&I) loan.
Loan Details
$
%
151015202530
30 years
Calculation Results
Monthly Repayment
$0.00
Total Repayment
$0
Total Interest
$0
Loan Breakdown
Principal: $500,000 (Infinity%)
Interest: $0 (NaN%)
About This Calculator
This mortgage calculator uses the standard formula for calculating monthly repayments on a principal and interest loan:
M = P × [r(1+r)^n] / [(1+r)^n - 1]
Where:
- M = Monthly repayment
- P = Loan principal (the amount borrowed)
- r = Monthly interest rate (annual rate divided by 12 and by 100)
- n = Total number of payments (years × 12)
This calculator provides an estimate only. Actual loan repayments may vary based on the specific terms of your loan, including fees, charges, and whether your interest rate is fixed or variable.
For a personalized assessment of your borrowing capacity and loan options, please contact our mortgage specialists.