A mortgage is a loan collected from a financial institution to purchase a house or property. When you get a mortgage, the financial institution pays for the house, in exchange for an agreement that you will repay the loan with an interest over a specified period.
A mortgage calculator helps you estimate the amount you need to repay, weekly or monthly depending on your agreement with the bank. With our calculator, you know exactly how much you need to pay whether on the interest-only or both interest and principal. To use, input your property price, loan amount, period of the loan, interest rate, repayment type, and frequency. And let the calculator do the rest.