Mortgage Calculator

Repayment loans pay a small amount of capital off each month until the loan is repaid - both capital and interest are included in the results. This is the most common type of mortgage. Most lenders recalculate interest on a monthly basis, but daily or annual recalculation is sometimes encountered.

Interest Only loans assume that you repay the capital amount elsewhere, e.g via an endowment policy. If this option is selected, both the Basis of Calculation and the Term entered have no effect.

Enter figures below and click on the Calculate button. Use standard interest rates, not APR.

1.	Select Type of Mortgage :
2.	Select Basis of Calculation :
3.	Enter the Capital Borrowed :	(any currency)
4.	Enter The Interest Rate :	% Not sure? See our Property Finance FAQ
5.	Enter the Term :	Years (usually 10, 15, 20, 25 or 30)

	*ANSWER* (to two decimal places) :
	Your Yearly Payment :
	Your Monthly Payment :