Enter the rate and costs from your lender quote or your own clearly marked scenario. Compare monthly principal and interest, cash needed, lifetime cost and a rate-stress case before you commit.
This models a level-payment, fixed nominal annual rate. It is not a lender quote, approval or APR calculation.
Annual totals use the fixed rate entered above and assume every scheduled payment is made on time.
| Year | Principal repaid | Interest paid | Closing balance |
|---|
The standard amortisation formula splits each level monthly payment between interest and principal. Early payments usually contain more interest; later payments usually repay more principal. A zero-rate case divides principal evenly across the term.
Upfront costs and recurring monthly costs stay separate from principal and interest so the assumptions remain visible.