Mortgage Calculator — Monthly Payment and Amortization
Calculate monthly payments and total interest, compare equal-payment and equal-principal schedules, and view the full amortization table.
Processed locally in your browser. Nothing is uploaded.
How to use
- Enter the loan amount, term and annual rate.
- Choose a repayment method.
- Review the monthly payment, total interest and schedule.
Example and rules
Example: a $300,000 loan over 30 years at 6.5% has a monthly payment of about $1,896.20.
- Monthly rate = annual rate ÷ 12; results are rounded to cents.
- Default rates are examples only; use your lender's quote.
- Prepayments, rate resets and fees are not included.
Frequently asked questions
Equal payment or equal principal?
Equal principal pays less interest overall but starts with higher payments; equal payments stay constant.
What is a combined loan?
A Chinese housing-fund loan plus a commercial loan, calculated separately and summed.
Will it match my bank exactly?
The formula is standard; rounding rules may differ by a few cents.