Free Mortgage Calculator
This free mortgage calculator helps you estimate monthly repayments, loan amount, total repayment, total interest and loan-to-value based on property price, deposit, interest rate and mortgage term.
Enter the property price, your deposit, the annual interest rate and the term in years. The calculator then gives a quick repayment estimate for planning, budgeting and comparing rough mortgage scenarios. It is useful when checking affordability before speaking to a lender, broker or bank — before they ruin the mood with forms, fees and tiny print.
How To Use This Mortgage Calculator
Enter the property price, deposit amount, annual interest rate and mortgage term. The calculator estimates the loan amount, monthly repayment, total repayment and total interest.
Mortgage Payment Formula
This calculator uses a standard repayment mortgage formula. It gives an estimate only. Real mortgage costs can change because of lender fees, insurance, rate changes, taxes and other costs.
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Mortgage Calculator FAQ
What does this mortgage calculator estimate?
It estimates the loan amount, monthly repayment, total repayment, total interest and loan-to-value based on your property price, deposit, rate and term.
Does this include mortgage fees?
No. This is a simple repayment estimate and does not include lender fees, broker fees, insurance, taxes, valuation fees or other costs.
Can I use a zero percent interest rate?
Yes. If the interest rate is zero, the calculator divides the loan amount evenly across the mortgage term.