Mortgage Calculator
%

How it works

This calculator supports two types of mortgages:

Annuity Mortgage: Fixed monthly payments throughout the term

P = L [ c ( 1 + c ) n ] / [ ( 1 + c ) n - 1 ]

Linear Mortgage: Decreasing monthly payments with fixed principal portion

P / n + P × r

P = Monthly Payment
L = Loan Amount
r = Monthly Interest Rate
n = Total Number of Months