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Mortgage Payment Calculator

Calculate monthly principal and interest for a fully amortizing loan.

Your assumptions

INDICATIVE RESULT
€6,141
Annual debt service€73,690
Total scheduled payments€1,842,262

Calculated directly from the assumptions shown.

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FORMULA

How the mortgage payment calculation works

Payment = principal × monthly rate ÷ [1 − (1 + monthly rate)^−months].

Example calculation

A €1.0m loan at 5.5% over 25 years is converted into a level monthly payment.

INVESTMENT USE

How professionals use the result

Use this for level-payment loans. Balloon structures require a separate term and maturity-balance calculation.

Common mistakes

  • Using annual rate as a monthly rate
  • Confusing amortization with loan term
  • Ignoring fees
  • Assuming the rate stays fixed when it is floating
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CLEAR ANSWERS

Mortgage Payment Calculator FAQs