📋 Amortization Schedule (USD)
| Month | Payment | Principal | Interest | Remaining Balance |
|---|
| Select currency & enter values → calculate |
* Estimates only. Actual payments may vary by lender, fees, and local regulations.
📖 How to Use This Mortgage Calculator
1
Select your currency - Choose from 100+ world currencies with country flags.
2
Enter loan amount - Input the total mortgage amount.
3
Set loan term & interest rate - Enter duration and rate.
4
Click "Calculate Mortgage" - Get monthly payment and amortization.
🏠 What is a Mortgage?
A mortgage is a loan used to purchase real estate. Each monthly payment covers both principal and interest, gradually building equity in your home.
🧮 Mortgage Payment Formula
M = P × [r(1+r)^n] / [(1+r)^n - 1]
❓ FAQ
Fixed-rate vs adjustable-rate mortgages?
Fixed-rate: same rate for entire term. Adjustable: rate changes after initial period.
What is PMI?
Private Mortgage Insurance required when down payment is less than 20%.