Calculate mortgage monthly payments
Calculate mortgage monthly payments for an annuity or linear mortgage. Get instant insight into interest, repayment and monthly payment.
What are mortgage monthly payments?
Mortgage monthly payments are the amounts you pay each month for your mortgage. They consist of interest and principal repayment. How these are structured depends on the type of mortgage you choose.
With this tool, you can easily calculate your monthly payments for both an annuity mortgage and a linear mortgage.
Difference between annuity and linear mortgages
Annuity mortgage
- the same gross amount every month
- high interest and low principal repayment at the start
- the monthly payment remains the same
Linear mortgage
- a fixed principal repayment amount every month
- interest decreases every month
- monthly payments decrease over time
When should you use this tool?
- when buying a home
- comparing mortgage types
- understanding monthly payments
- financial planning
- study and education
Who is this tool suitable for?
- homebuyers
- first-time buyers
- financial advisers
- students
- anyone who wants to calculate mortgage payments
Frequently asked questions
Is this gross or net?
This tool calculates gross monthly payments, without mortgage interest tax relief.
Is this an exact calculation?
It is an estimate. Actual payments may vary due to terms and conditions, the fixed-interest period and fees.
Can I adjust the term?
Yes, you can enter any term you want.