Does this calculator use live mortgage rates?

No. Enter an annual interest rate to create an informational estimate.

How do extra payments affect a loan?

Extra payments reduce principal faster, which can shorten the payoff period and reduce estimated interest.

Does the estimate include taxes, insurance, or lender fees?

No. The estimate covers principal and entered interest only and may not reflect other borrowing costs or local rules.

Mortgage and loan calculator

Estimate Loan Payments and Interest

Compare periodic payments, total interest, repayment cost, and the potential impact of extra payments.

MonedaImporte antes del pago inicialPago inicialTipo de interés anualPlazo en añosMeses adicionales

Frecuencia de pago

Pago adicional por período

El pago inicial se resta del importe introducido para estimar el principal prestado.

Pago estimado por período1288,37 US$

Pago mensual.

Principal prestado240.000,00 US$

Pago inicial60.000,00 US$

Intereses totales223.813,88 US$

Reembolso total463.813,88 US$

Número de pagos360

Plazo estimado de liquidación30 años

Saldo después de un año236.459,12 US$

Resumen de pagos

Principal del primer pago288,37 US$

Interés del primer pago1000,00 US$

Estimación del último pago1288,37 US$

Solo es una estimación. No incluye comisiones, impuestos, seguros, cargos del prestamista ni normas hipotecarias locales. No es asesoramiento financiero.

How the mortgage and loan calculator works

Enter the amount before any down payment, the annual interest rate, loan term, and payment frequency. The calculator subtracts the down payment to estimate the borrowed principal, then applies a standard fixed-rate amortization formula. No live rates are fetched.

Monthly payment formula

Payment: Principal × periodic rate × (1 + periodic rate)^{number of payments} ÷ ((1 + periodic rate)^{number of payments} − 1). When the entered interest rate is zero, payment equals principal divided by the number of payments.

Loan interest vs principal

Each payment first covers the period's estimated interest. The remainder reduces principal. Early payments generally contain more interest, while later payments generally contain more principal.

How extra payments affect repayment

An extra payment is added to each scheduled payment and applied to principal in this estimate. Paying principal earlier can shorten the payoff period and reduce total interest. Check whether a lender applies prepayment restrictions or fees.

Mortgage vs general loan estimates

The same fixed-rate amortization formula can estimate many mortgages and installment loans. Actual products can use different compounding conventions, variable rates, balloon payments, fees, insurance, taxes, or lender-specific rounding.

FAQ

Does this calculator provide financial advice?

No. It is an informational estimate tool and is not financial advice.

Are live interest rates included?

No. Use a rate from your own lender information or scenario.

What costs are excluded?

Results do not include all possible fees, taxes, insurance, lender charges, closing costs, or local mortgage rules.

Why might a lender's result differ?

Lenders may use different compounding, payment timing, day-count, rounding, fee, and prepayment methods.

Disclaimer: Results are estimates only and do not include all possible fees, taxes, insurance, lender charges, or local mortgage rules. This is not financial advice.

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