Calculator
Mortgage Calculator
Calculate your monthly mortgage payment, total interest and full amortization schedule.
€
€50,000€2,000,000
€60,000%
20% of property price
years
5 years40 years
%
% of price (taxes, fees, etc.)
Monthly payment
€1,201
Mortgage amount€240,000
Total interest€120,449
Total cost€360,449
Purchase costs€30,000
Payment breakdown
Principal 66.58 %Interest 33.42 %
Amortization schedule
| Period | Payment | Principal | Interest | Balance |
|---|---|---|---|---|
| 1 | €1,201 | €501 | €700 | €239,499 |
| 2 | €1,201 | €503 | €699 | €238,996 |
| 3 | €1,201 | €504 | €697 | €238,491 |
| 4 | €1,201 | €506 | €696 | €237,985 |
| 5 | €1,201 | €507 | €694 | €237,478 |
| 6 | €1,201 | €509 | €693 | €236,969 |
| 7 | €1,201 | €510 | €691 | €236,459 |
| 8 | €1,201 | €512 | €690 | €235,947 |
| 9 | €1,201 | €513 | €688 | €235,434 |
| 10 | €1,201 | €515 | €687 | €234,919 |
| 11 | €1,201 | €516 | €685 | €234,402 |
| 12 | €1,201 | €518 | €684 | €233,885 |
About this mortgage calculator
This free mortgage calculator lets you estimate your monthly payment and total cost for any property price, down payment, term and interest rate. The amortization table shows the full payment schedule, including how much of each payment goes to principal versus interest.
How it works
Enter your property details and loan conditions. The calculator uses the standard amortization formula to compute your monthly payment instantly. Purchase costs (taxes, notary, agency) are estimated separately and not added to the mortgage by default.
Frequently asked questions
- How is the monthly mortgage payment calculated? ▾
- The monthly payment is calculated using the standard amortization formula: P × r × (1+r)^n / ((1+r)^n − 1), where P is the loan amount, r is the monthly interest rate and n is the total number of payments.
- What is included in the mortgage amount? ▾
- The mortgage amount is the property price minus your down payment. Purchase costs (taxes, notary fees, etc.) are estimated separately and not included in the loan by default.
- What is an amortization table? ▾
- An amortization table shows the breakdown of each monthly payment into principal and interest, along with the outstanding balance at the end of each period.
- How does the interest rate affect the monthly payment? ▾
- A higher interest rate increases your monthly payment and the total interest paid. Even a 0.5% difference in rate can amount to thousands over a 25-year mortgage.
- Is this mortgage calculator free? ▾
- Yes, completely free. No sign-up, no download and no ads. All calculations run entirely in your browser.