Mortgage Calculator
Calculate monthly payment and mortgage amortization schedule
Mortgage Calculator with Amortization Schedule
Calculate your monthly mortgage payment and view the complete amortization schedule with this free tool. Enter the loan amount, annual interest rate and term in years to instantly get the monthly payment, total interest paid and a month-by-month breakdown table. Perfect for comparing mortgage offers and planning your home purchase.
How It Works
- Enter the mortgage amount in euros
- Enter the annual interest rate (e.g. 3.5 for 3.5%)
- Choose the loan term in years (typically 20, 25 or 30 years)
- Monthly payment and amortization schedule are calculated in real time
- Expand the table to see the detail for every single month
Frequently Asked Questions
How is the monthly mortgage payment calculated?
The monthly payment formula is: M = P × [r(1+r)^n] / [(1+r)^n - 1], where P is the principal, r is the monthly rate (annual rate / 12), and n is the total number of payments.
What is a French amortization schedule?
The French amortization method (most common for mortgages) features constant monthly payments throughout the loan term. Early payments consist mostly of interest, while over time the principal portion increases and interest decreases.
Does this calculator include additional fees?
No, this tool calculates only the pure amortization payment. Additional mortgage costs (origination fees, appraisal, insurance) vary by lender and should be requested directly from your bank.