Mortgage Calculator
Calculate your mortgage payments, total interest, and payment schedule. Get personalized recommendations for your mortgage.
Frequently Asked Questions
What is the difference between annuity and differentiated payments?
Annuity payments remain constant throughout the loan term, with a higher portion going to interest initially. Differentiated payments start higher and decrease over time, with a higher portion going to principal initially.
How does the down payment affect my mortgage?
A larger down payment reduces your loan amount, monthly payments, and total interest paid. It may also help you qualify for better interest rates and avoid private mortgage insurance.
What is the effective interest rate?
The effective interest rate represents the true cost of borrowing, taking into account all fees and costs associated with the loan. It's typically higher than the nominal interest rate.