🏠 Mortgage & Loan Amortization Calculator
Calculate home mortgage monthly payments, total interest costs, and generate full yearly amortization schedules for US and UK loan standards. 100% free and private.
| Year | Interest Paid | Principal Paid | Total Paid | Ending Balance |
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What is the difference between US Repayment and UK Interest-Only mortgages?
A Repayment mortgage (standard in US and UK) pays off both interest and original principal every month, ensuring the balance drops to zero at the end of the term. An Interest-Only mortgage covers only monthly interest charges, leaving the original principal balance unpaid until the end of the term.
How does making extra monthly payments affect my mortgage?
Making extra principal payments reduces your remaining loan balance faster. Because interest is calculated on the remaining balance, extra payments directly shorten your loan term and save thousands in interest charges.
Are my mortgage terms or income numbers saved on any server?
No. All financial calculations, compounding formulas, and amortization schedules generate 100% locally in your web browser.
