Mortgage calculator

Mortgage calculator overview

A mortgage calculator, such as the one above, is a tool found on websites which allows you to calculate your commitments as a result of a mortgage. The mortgage calculator takes into account the amount borrowed, the interest rate applied and the term over which the mortgage will be repaid to provide a figure for the amount of monthly repayment and total amount repaid in all. A mortgage calculator is an excellent way to quickly assess if the mortgage that you are considering is manageable in relation to your personal circumstances.

Try our mortgage calculator

To use our mortgage calculator simply click on the links in the main section above. The calculator is free to use.

Monthly mortgage calculator

A monthly mortgage calculator shows the total amount payable on a monthly basis on a mortgage taken. A monthly mortgage calculator is an excellent tool for assessing your monthly payments and usual outgoings such as bills to help you see if a mortgage is a manageable expense at the level of borrowing that you are considering.

Mortgage loan calculator

A mortgage loan calculator illustrates the total value of the mortgage loan. The mortgage loan calculator takes into account the amount borrowed and the interest rate to show the total that will be repaid over the term of the loan. Mortgage loan calculators are often used to show the overall cost of the mortgage in question.

Mortgage interest calculator

A mortgage interest calculator shows the amount that will be paid in addition to the initial amount borrowed. The mortgage interest calculator takes into account the interest rate and term of the loan to illustrate the overall cost of borrowing the money to purchase a home

Mortgage payment calculator

A mortgage payment calculates the amount that will be paid on a monthly basis. The mortgage payment calculator takes into account initial borrowings, the type of mortgage, loan repayment period and interest rate to illustrate the amount of monthly repayment that will be required.

Free mortgage calculator

The products offered by websites are usually free mortgage calculators. As such, you can test out differing borrowing amounts and payment terms to find a mortgage that best meets your financial requirements.