Estimate mortgage payments

How to use the mortgage calculator

1. Enter the property price and your down payment.
2. Enter the fixed annual interest rate and the term in years.
3. To see the total cost, add your estimate of purchase costs.
4. Review the payment, loan-to-value, interest and the yearly amortization schedule.

Mortgage payment formula

Loan = Price − Down payment · Payment = L × i / (1 − (1 + i)^−n)

What each variable means

L

loan amount

i

monthly rate = annual rate / 12

n

term in months

The total cost adds the down payment, any costs you enter and every payment made to the lender.

Mortgage calculation example

A €250,000 home with a €50,000 down payment: €200,000 is financed (80%). At a fixed 3% over 30 years, the payment is €843.21 and you'll pay about €103,555 in interest.

Illustrative example with the data shown; not a guaranteed outcome.

Assumptions and limitations

• Fixed-rate mortgage with a constant payment.
• Insurance, fees and rate changes (variable or mixed mortgages) are not included.
• Purchase costs are only included if you enter them.
• Loan-to-value is calculated on the purchase price, not the appraised value.

Frequently asked questions