Principal and interest are not the full housing payment
Property tax, insurance, lender fees, strata or HOA costs and mortgage insurance may need to be added separately.
Finance
Mortgage calculator
Estimate principal-and-interest home-loan repayments.
Clear and dependable
How to use this calculator
Enter the home price, down payment, annual interest rate and loan term to estimate principal-and-interest repayments.
Understanding the result
The monthly result covers estimated principal and interest only. The detail line shows the amount borrowed and interest accumulated over the selected term.
Avoid these errors
Common mistakes
Do not compare payments without matching terms
Rate, term, down payment, fees and repayment frequency all affect a meaningful comparison.
Common questions
Are intermediate values rounded?
No. Full practical precision is retained during calculation and rounding is applied only to the displayed values.
What limitations should I consider?
Educational estimate only. Confirm repayments and borrowing costs with a licensed lender.