This mortgage loan calculator lets you estimate your monthly compounded loan payments.
It also determines how much of your payments will go towards the principal and how much will go towards the interest.
Simply input your loan amount, loan term, yearly interest rate and the result will immediately be displayed on the screen.
The above calculator was created using smartforms that can handle formulas, which means, there was no coding involved. With just some knowledge on how to use financial formulas, you are good to go.
Please note that this mortgage loan calculator doesn’t include taxes or insurance.
It should only be used to estimate your payments and at no time should it be considered as a legal document to be presented at your banking institution.