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Mortgage Calculator

mortgage icon

Use this handy mortgage calculator to work out the monthly costs and the total cost, including the interest, of a capital repayment or interest only mortgage. Simply enter the total capital required for your home loan, the term of the mortgage and the interest rate. An explanation of the two different types of mortgage can be found here.


Calculations for capital & repayment mortgage:

Yearly Payments:

Monthly Payments:

Total Payments:

Total Interest Paid:

Calculations for interest only mortgage:

Yearly Payments:

Monthly Payments:

Total Payments:

To learn about the differences between a capital & repayment mortgage and an interest only mortgage, please see the FAQ below.

Disclaimer: Whilst every effort has been made in building our calculator tools, we are not to be held liable for any damages or monetary losses arising out of or in connection with their use. Full disclaimer.

Mortgage loan payments - FAQ

A selection of frequently asked questions about this mortgage calculator.

What is a capital & repayment mortgage?

A capital and repayment mortgage is a secured home loan that is divided up into repayments of the money you borrowed (capital repayment) and payments of interest charges for the loan (interest payments).

What is an interest only mortgage?

An interest only mortgage is a secured home loan in which the monthly payments include only the interest on your loan. So, at the end of your mortgage term the balance of the initial value of the loan is still outstanding.

Mortgage refinancing

If you're considering refinancing an existing mortgage, please use the mortgage refinance calculator.

Note: The home loan information shown above is provided for information purposes only. Please speak to an independent financial advisor for any kind of advice on mortgages or loans. The results given by this monthly mortgage calculator are only a guide. Please speak to a mortgage advisor or independent financial advisor for accurate guidance.

The History of the Calculator

From abacus to iPhones, learn how calculators developed over time.