Mortgage Calculator

Disclaimer: Please use this calculator as a guide only. All interest or profit rates, amounts, and terms are for reference only and not necessarily applicable to your personal credit profile. does not guarantee its accuracy or applicability to your circumstances.

About this calculator:

Calculation method: Loan amortization

Interest calculation method: Reducing balance method

  1. A principal amount is calculated based on your Item value and Downpayment (if any) which will be your loan amount.
  2. Each monthly period will have the same payment amount, but different portion of payment towards principal or interest.
  3. Additional payment will add up to principal payment portion and will reduce interest payment.