Calculate your mortgage payments in any currency, with detailed amortization schedules and comprehensive financial insights
Detailed year-by-year breakdown of your mortgage payments
| Year | Starting Balance | Total Payment | Principal Paid | Interest Paid | Ending Balance |
|---|
Our Global Mortgage Calculator is a sophisticated financial tool designed to help home buyers worldwide understand the full cost of home ownership. Unlike basic calculators, our tool provides:
The calculator uses the standard mortgage amortization formula to determine your payment schedule:
M = P [ i(1 + i)^n ] / [ (1 + i)^n - 1 ]
Where:
Our advanced algorithm extends this calculation to provide detailed year-by-year breakdowns and visual representations of your mortgage journey.
Our calculator supports all major mortgage types used worldwide:
Interest rate remains constant for the entire loan term. Most common in US, Canada, and Australia.
Interest rate adjusts periodically after an initial fixed period. Popular in the UK and Europe.
Includes FHA (US), VA (US), and similar programs worldwide with lower down payment requirements.
Pay only interest for an initial period before paying principal. Common in commercial real estate.
Understanding the full cost of a mortgage is crucial before making the biggest financial commitment of your life. Here's why our calculator is indispensable:
Calculate in your local currency with automatic symbol placement for accurate financial planning.
See exactly how your payments are allocated between principal and interest each year.
Understand your payment composition through interactive charts and graphs.
See the full picture including taxes, insurance, and PMI for accurate budgeting.
Our calculator uses industry-standard formulas to provide highly accurate estimates. However, actual mortgage terms may vary based on lender policies, credit scores, and market conditions. Always consult with a financial advisor for precise calculations.
Yes! Our multi-currency support makes it suitable for home buyers worldwide. Simply select your currency from the dropdown menu before entering your mortgage details.
Private Mortgage Insurance (PMI) protects lenders when borrowers make down payments of less than 20%. Our calculator automatically applies PMI when down payment is below 20% and calculates it as a percentage of the loan amount.
The amortization schedule updates in real-time as you adjust any parameter. You'll see immediate changes to the year-by-year breakdown when you modify loan terms, interest rates, or other factors.
The calculator performs mathematical calculations in your selected currency but does not perform real-time currency conversions. For accurate currency conversion, consult current exchange rates before entering amounts.