Mortgage calculators are automated tools that enable users to determine the financial implications of changes in one or more variables in mortgage financing arrangements.
Mortgage calculators are used by consumers to determine monthly repayments, and by mortgage providers to determine the financial suitability of a home loan applicant.
The major variables in a mortgage calculation include loan principal, balance, periodic compound interest rate, number of payments per year, total number of payments and the regular payment amount.
Use our handy calculator below to work out your potential costs and read our guides about upfront home-buying costs and mortgage costs to ensure you’re prepared for all potential outcomes.