🏠 Mortgage Calculator
Calculate monthly mortgage payments, total interest, and amortization schedule for any home loan.
Loan Details
$
30%
$
%
Repayment Method
Loan Mode
years
🏦 Commercial
%
Quick:
🏠 Provident Fund
$
Commercial: $280,000
%
Quick:
💡 Provident fund rates are usually lower, saving interest
Monthly
$1,770
Total Payment
$637,125
Total Interest
$357,125
Payment Composition
Principal: 43.95%
Interest: 56.05%
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Amortization Schedule
360 months| Month | Payment | Comm. Principal | Comm. Interest | Comm. Balance | Prov. Principal | Prov. Interest | Prov. Balance |
|---|---|---|---|---|---|---|---|
| 1 | $1,769.79 | $253.12 | $1,516.67 | $279,746.88 | $0.00 | $0.00 | $0.00 |
| 2 | $1,769.79 | $254.49 | $1,515.30 | $279,492.38 | $0.00 | $0.00 | $0.00 |
| 3 | $1,769.79 | $255.87 | $1,513.92 | $279,236.51 | $0.00 | $0.00 | $0.00 |
| 4 | $1,769.79 | $257.26 | $1,512.53 | $278,979.25 | $0.00 | $0.00 | $0.00 |
| 5 | $1,769.79 | $258.65 | $1,511.14 | $278,720.60 | $0.00 | $0.00 | $0.00 |
| 6 | $1,769.79 | $260.05 | $1,509.74 | $278,460.54 | $0.00 | $0.00 | $0.00 |
| 7 | $1,769.79 | $261.46 | $1,508.33 | $278,199.08 | $0.00 | $0.00 | $0.00 |
| 8 | $1,769.79 | $262.88 | $1,506.91 | $277,936.20 | $0.00 | $0.00 | $0.00 |
| 9 | $1,769.79 | $264.30 | $1,505.49 | $277,671.90 | $0.00 | $0.00 | $0.00 |
| 10 | $1,769.79 | $265.73 | $1,504.06 | $277,406.16 | $0.00 | $0.00 | $0.00 |
| 11 | $1,769.79 | $267.17 | $1,502.62 | $277,138.99 | $0.00 | $0.00 | $0.00 |
| 12 | $1,769.79 | $268.62 | $1,501.17 | $276,870.37 | $0.00 | $0.00 | $0.00 |
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Frequently Asked Questions
How is the monthly mortgage payment calculated?
Monthly payment = P × [r(1+r)^n] / [(1+r)^n − 1], where P = loan principal, r = monthly interest rate, n = total payments.
What is a good down payment for a mortgage?
A 20% down payment is ideal — it avoids PMI. Many loans accept 3–5% down. Try the calculator to compare scenarios.
15-year vs 30-year mortgage — which is better?
A 15-year mortgage has higher monthly payments but much lower total interest. Try both terms above to compare.
Disclaimer: This calculator provides estimates for informational purposes only. Not financial advice.