Mortgage Repayment Calculator

This mortgage repayment calculator will help you to find out how much your mortgage will be over your repayment term. This calculator will also show you the differences in the amounts you will have to pay back if you change the length of the mortgage term. Changing the term to a shorter one will cost more in the short term but will cost less over the life of the mortgage. For example if you pay your mortgage off over a five year term you will typically pay 1.17 times value of your mortgage back. When the term is changed to 30 years you typically pay back 2.28 times your mortgage. To use this calculator simply change the light blue variables and press update.

Mortgage Details
Buying price of property
Down payment/deposit
Mortgage (automatically calculates)
Mortgage rate (in percent; i.e. 6.5)
Term in years
Mortgage repayment frequency
Mortgage Cost Totals
Cost Total   Amount
After 5 years
Per month
Per year  
Total Costs of Mortgage At Different Terms
Term Period Changed: Amount
To 5 years
To 10 years
To 15 years
To 20 years
To 25 years
To 30 years
Mortgage Repayment Summary
The mortgage monthly cost
The mortgage lifetime cost
Over payment above the initial mortgage
Changing Term
Monthly Cost
To 5 years
To 10 years
To 15 years
To 20 years
To 25 years
To 30 years
Interest paid in lifetime
$
How Much Can You Save By Changing Term?
Mortgage term: Saving
To 5 years
To 10 years
To 15 years
To 20 years
To 25 years
To 30 years
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