Mortgage Calculator: Complete Guide to Home Loan Planning
Everything you need to know about calculating mortgage payments and amortization.
8 min readNovember 28, 2024
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What Does a Mortgage Calculator Show?
A mortgage calculator breaks your monthly payment into PITI: Principal, Interest, Taxes, and Insurance.
Understanding Amortization
Early in your mortgage, most of your payment goes toward interest. Over time this flips — an amortization schedule shows exactly how each payment is split.
Down Payment Impact
A 20%+ down payment avoids PMI (Private Mortgage Insurance) which can add 0.5–1.5% to your annual loan cost.
Try the Mortgage Calculator to see your personalised numbers.