Annuity repayment
Calculates the most common equal-monthly-payment schedule.
Finance Tool
Mortgage Calculator — Monthly Payment & Total Interest
Enter loan amount, interest rate, and term to calculate monthly payment and total interest. Annuity repayment method.
Mortgage Calculator
* Based on equal principal+interest (annuity) repayment method.
What is the mortgage calculator?
Enter the loan amount, annual interest rate, and term to compute the monthly payment and total interest using the annuity (equal-payment) method.
How to use
- 1 Enter the loan principal.
- 2 Enter the annual interest rate (%).
- 3 Set the repayment term (years).
- 4 Review the monthly payment, total interest, and total repayment.
Highlights
Total interest
Shows the total interest paid over the full term at a glance.
Instant result
Results update as soon as you enter values.
FAQ
What is annuity (equal-payment) repayment?+
You pay the same total amount each month; early payments are mostly interest and later payments are mostly principal.
How do I reduce total interest?+
Shorten the term or lower the rate; prepayment also reduces total interest.
Does it handle variable rates?+
This calculator assumes a fixed rate. With a variable rate, the actual payment changes as the rate changes.
Related calculators
This calculator is for reference only. Actual results vary with loan terms, prepayment, and variable rates. Confirm exact terms with your lender.