FlatSurfer's mortgage calculator offers you the flexibility to customize your mortgage details while providing comprehensive information about payment estimates and shows a yearly or monthly amortization table
| Month Payment | €1,485 |
|---|---|
| Total Mortgage Payments | €534,461 |
| Loan Amount | €300,000 |
| Total Interest | €234,461 |
| Total Interest Percent | 78.15% |
| Mortgage Payoff Date | 21/11/2054 |
Payment plan lists how much principal and interest are paid in each scheduled mortgage payment.
| Month | Interest payment | Principal payment | Remaining balance |
|---|---|---|---|
| 12 (End of Year 1) | €1,059 | €426 | €294,987 |
| 24 (End of Year 2) | €1,040 | €445 | €289,753 |
| 36 (End of Year 3) | €1,020 | €464 | €284,290 |
| 48 (End of Year 4) | €1,000 | €485 | €278,588 |
| 60 (End of Year 5) | €979 | €506 | €272,636 |
| 72 (End of Year 6) | €957 | €528 | €266,422 |
| 84 (End of Year 7) | €933 | €551 | €259,936 |
| 96 (End of Year 8) | €909 | €575 | €253,165 |
| 108 (End of Year 9) | €884 | €601 | €246,098 |
| 120 (End of Year 10) | €858 | €627 | €238,721 |
| 132 (End of Year 11) | €830 | €654 | €231,020 |
| 144 (End of Year 12) | €801 | €683 | €222,981 |
| 156 (End of Year 13) | €772 | €713 | €214,590 |
| 168 (End of Year 14) | €740 | €744 | €205,830 |
| 180 (End of Year 15) | €708 | €777 | €196,687 |
| 192 (End of Year 16) | €673 | €811 | €187,142 |
| 204 (End of Year 17) | €638 | €847 | €177,179 |
| 216 (End of Year 18) | €601 | €884 | €166,779 |
| 228 (End of Year 19) | €562 | €923 | €155,923 |
| 240 (End of Year 20) | €522 | €963 | €144,591 |
| 252 (End of Year 21) | €479 | €1,005 | €132,761 |
| 264 (End of Year 22) | €435 | €1,049 | €120,413 |
| 276 (End of Year 23) | €389 | €1,095 | €107,524 |
| 288 (End of Year 24) | €341 | €1,143 | €94,069 |
| 300 (End of Year 25) | €291 | €1,194 | €80,024 |
| 312 (End of Year 26) | €239 | €1,246 | €65,363 |
| 324 (End of Year 27) | €184 | €1,301 | €50,058 |
| 336 (End of Year 28) | €127 | €1,358 | €34,083 |
| 348 (End of Year 29) | €67 | €1,417 | €17,407 |
| 360 (End of Year 30) | €5 | €1,479 | €0 |
Calculating a mortgage is a crucial step in the home or apartment buying process. A mortgage calculator is a valuable tool that helps borrowers estimate their monthly mortgage payments based on factors such as the purchase price and interest rate. Feel free to adjust the loan details to tailor the calculation to your specific scenario for a more accurate assessment.
A mortgage is a financial agreement where a loan is secured by a real estate. It can be described as funds borrowed to finance real estate acquisition. The lender assists a homebuyer in settling the payment with the property seller. The buyer commits to repaying the borrowed amount over a predetermined period, commonly 10, 15, 20 or 30 years. On a monthly basis, the buyer makes payments to the lender. Each payment consists of two portions: the principal, representing the initial borrowed amount, and interest, compensating the lender for the use of the funds. Complete ownership of the mortgaged property is attained only upon the buyer's final payment.