đ Mortgage Calculator
Mortgage Calculator
Enter your loan principal, term, and interest rate to compare monthly payments and total interest across repayment methods.
During this period, only interest is paid (no principal). Use 0 if there's no grace period. (Doesn't apply to interest-only repayment, which is already interest-only for the full term.)
Pay the same amount (principal + interest) every month. Easier to budget for.
Frequently Asked Questions
Which is better, equal payment or equal principal repayment?
Equal principal always results in less total interest. However, it has higher payments early on, so equal payment is better if you want predictable, consistent monthly costs.
Who typically uses interest-only (bullet) repayment?
Since only interest is paid until maturity (with the full principal due at the end), this carries the highest total interest. It's often used for business loans or when a lump-sum repayment plan is already certain.