Mortgage — Guide
Payment, interest, and amortization breakdowns.
Estimated reading time: 2 minutes
What it does
Calculates monthly mortgage payments and shows how much goes toward principal vs interest over time.
Inputs
- Loan Amount
- Interest Rate (annual)
- Loan Term (years)
Output
- Monthly Payment
- Total Interest Paid
- Amortization table
Example
$300,000 loan at 6.5% for 30 years → Monthly payment: ~$1,896
Tip
Compare different loan terms to see how extra payments can save you thousands in interest.