Mortgage Calculator
Calculate the loan amount, monthly payment, total interest and balance from property price, down payment, rate and term, fully locally.
Calculate the monthly payment and costs of your home financing.
Stays on your device
Estimated monthly mortgage payment
$1,266.81
Principal and interest
- Mortgage amount
- $240,000.00
- Total interest
- $140,042.53
- Financing ratio
- 80 %
- Cash required at purchase
- $60,000.00
- Total mortgage payments
- $380,042.53
- Down payment ratio
- 20 %
- Estimated payoff
- 300 months
Show repayment details
| Year | Opening balance | Payments | Principal | Interest | Extra payments | Closing balance |
|---|---|---|---|---|---|---|
| 1 | $240,000.00 | $15,201.70 | $5,705.55 | $9,496.15 | $0.00 | $234,294.45 |
| 2 | $234,294.45 | $15,201.70 | $5,938.00 | $9,263.70 | $0.00 | $228,356.45 |
| 3 | $228,356.45 | $15,201.70 | $6,179.92 | $9,021.78 | $0.00 | $222,176.53 |
| 4 | $222,176.53 | $15,201.70 | $6,431.70 | $8,770.00 | $0.00 | $215,744.82 |
| 5 | $215,744.82 | $15,201.70 | $6,693.74 | $8,507.96 | $0.00 | $209,051.08 |
| 6 | $209,051.08 | $15,201.70 | $6,966.46 | $8,235.25 | $0.00 | $202,084.62 |
| 7 | $202,084.62 | $15,201.70 | $7,250.28 | $7,951.42 | $0.00 | $194,834.34 |
| 8 | $194,834.34 | $15,201.70 | $7,545.67 | $7,656.03 | $0.00 | $187,288.68 |
| 9 | $187,288.68 | $15,201.70 | $7,853.09 | $7,348.61 | $0.00 | $179,435.59 |
| 10 | $179,435.59 | $15,201.70 | $8,173.04 | $7,028.66 | $0.00 | $171,262.55 |
| 11 | $171,262.55 | $15,201.70 | $8,506.02 | $6,695.68 | $0.00 | $162,756.53 |
| 12 | $162,756.53 | $15,201.70 | $8,852.57 | $6,349.13 | $0.00 | $153,903.97 |
| 13 | $153,903.97 | $15,201.70 | $9,213.23 | $5,988.47 | $0.00 | $144,690.73 |
| 14 | $144,690.73 | $15,201.70 | $9,588.60 | $5,613.11 | $0.00 | $135,102.14 |
| 15 | $135,102.14 | $15,201.70 | $9,979.25 | $5,222.45 | $0.00 | $125,122.89 |
| 16 | $125,122.89 | $15,201.70 | $10,385.82 | $4,815.88 | $0.00 | $114,737.07 |
| 17 | $114,737.07 | $15,201.70 | $10,808.95 | $4,392.75 | $0.00 | $103,928.12 |
| 18 | $103,928.12 | $15,201.70 | $11,249.33 | $3,952.37 | $0.00 | $92,678.79 |
| 19 | $92,678.79 | $15,201.70 | $11,707.64 | $3,494.06 | $0.00 | $80,971.15 |
| 20 | $80,971.15 | $15,201.70 | $12,184.63 | $3,017.07 | $0.00 | $68,786.52 |
| 21 | $68,786.52 | $15,201.70 | $12,681.05 | $2,520.65 | $0.00 | $56,105.47 |
| 22 | $56,105.47 | $15,201.70 | $13,197.70 | $2,004.01 | $0.00 | $42,907.77 |
| 23 | $42,907.77 | $15,201.70 | $13,735.39 | $1,466.31 | $0.00 | $29,172.38 |
| 24 | $29,172.38 | $15,201.70 | $14,294.99 | $906.71 | $0.00 | $14,877.39 |
| 25 | $14,877.39 | $15,201.70 | $14,877.39 | $324.31 | $0.00 | $0.00 |
This calculation is an estimate, not financial, tax or legal advice. Actual rounding, fees and future rates may differ.
Good to know
Good to know
The Mortgage Calculator supports model calculations for home financing, monthly payment, down payment, interest, and long-term total cost. Enter purchase price, down payment, loan amount, interest rate, term, amortization, and closing costs and review monthly payment, loan-to-value, interest cost, remaining balance, payoff path, and total burden, so assumptions, magnitudes, and alternatives are easier to compare.
Typical searches include mortgage calculator, home loan calculator, monthly mortgage payment. Calculation runs locally in the browser and shows results, intermediate steps, and key figures without upload. Property tax, closing costs, insurance, maintenance, and regional rules must be considered separately.
Typical use cases
Compare scenarios
Change amount, term, interest rate, payment, or target value and immediately see how the key figures change.
Document assumptions
The core logic is: mortgage payment follows the annuity formula from loan amount, rate, and term. Visible inputs, results, and intermediate steps help explain the model calculation in notes, spreadsheets, or conversations.
Prepare decisions
Use the values as orientation for questions to lenders, tax advisors, employers, providers, or internal planning. The tool does not replace individual advice.
Tips for better results
Separate nominal and real values
Inflation, fees, taxes, and purchasing power can materially change the result. Check whether you are comparing nominal amounts or values in today's purchasing power.
Check contract details separately
Lender offers, credit cards, insurance, taxes, and investment products often use their own rounding, fee, and calendar rules. Binding decisions require the original documents.
Test sensitivity
Run conservative, middle, and optimistic variants. Small changes in rate, term, inflation, or payment can create large differences in financial calculations.
How it works
How it works
Step by step
Features
Features
Local in the browser
Inputs and results are not uploaded for calculation.
Flexible assumptions
Adjust purchase price, down payment, loan amount, interest rate, term, amortization, and closing costs and compare variants immediately.
Traceable calculation path
Formulas, intermediate steps, and key figures make the model calculation easier to review.
No financial advice
The result is a model calculation, not a recommendation for credit, investing, tax, or contracts.
Frequently asked questions
Frequently asked questions
Is the Mortgage Calculator financial advice?
No. The tool creates a calculation model based on your inputs. It does not account for your individual situation, a full contract, or personal tax position.
Why can a provider calculate different numbers?
Providers may include fees, day-count rules, rounding, special terms, taxes, bonuses, or contract details that are not part of a general browser calculation.
Are my financial values stored?
No. Calculation runs in the browser. Entered values are not transferred to Xoricon for the calculation.
Why do rounding and currency matter?
Small rounding differences can add up over many months or periods. The currency selection controls only symbol and number format; all compared amounts should already be in the same currency.
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