Advanced Mortgage Calculator | EMI, Amortization &...

Mortgage Details

Currency

Home Price

Down Payment (Optional)

Interest Rate (Annual %)

Interest Type

Loan Term (Years)

Payment Frequency

Draw Date (Loan Start)

First Payment Date

📊 Variable Rate Impact Analysis

See how your payment changes if interest rates increase or decrease:

Rate Change	New Rate	New Payment	Payment Difference	Annual Cost Change

💵 Lump Sum Payment (Optional)

Add one-time extra payments to reduce your loan term and save on interest.

Lump Sum Amount

Payment Number

📅 Amortization Schedule

💡 Mortgage Payment Breakdown

Your mortgage payment consists of Principal (the amount borrowed) and Interest (the cost of borrowing). In the early years, most of your payment goes toward interest. Over time, more goes toward reducing the principal.

Payment Frequency Impact: Choosing weekly or fortnightly payments can help you pay off your mortgage faster and save on interest.

Variable vs Fixed: Fixed rates stay the same throughout the loan term, while variable rates can change based on market conditions.

Lump Sum Options: You can either keep the same payment amount and reduce your loan term (Option A), or keep the same term and reduce your payment amount (Option B).

📊

Rate Analysis

Compare variable rate scenarios.

💵

Lump Sum

Two options for extra payments.

🌍

Multi-Currency

Calculate in multiple currencies.

📅

Flexible Frequency

Weekly, fortnightly, or monthly.

Understanding Mortgage Calculations

A mortgage is a long-term loan used to purchase property. The calculator helps you understand your payment obligations and compare different scenarios to make informed decisions.

Principal: The original loan amount you borrow.
Interest: The cost of borrowing money, calculated as a percentage.
Amortization: The process of paying off your loan through regular payments.
LTV Ratio: Loan-to-Value ratio shows the loan amount as a percentage of property value.
Payment Frequency: More frequent payments can reduce total interest paid.
Lump Sum Payments: Extra payments directly reduce principal and save interest.

🏠 Advanced Mortgage Calculator