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FTF Finance / Home financing

Mortgage calculator

Estimate a fixed-rate loan payment, add ongoing housing costs, and explore your monthly repayment schedule.

Your mortgage

No exchange conversion. Use one currency throughout.

Switching converts the current entry; rounding may apply.

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years
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Example figures are illustrative. Enter your own estimates; mortgage insurance is not automatically calculated.

Loan amount

USD 240,000.00

Monthly principal & interest

USD 1,516.96

Estimated monthly housing cost

USD 1,916.96

Down payment

USD 60,000.00

Total loan interest

USD 306,108.97

Total loan principal & interest

USD 546,108.97

Monthly housing cost breakdown

Principal & interest
USD 1,516.96
Property taxes
USD 300.00
Homeowners insurance
USD 100.00
HOA fees
USD 0.00
Mortgage insurance estimate
USD 0.00

HOA fees may be paid separately. Taxes and insurance may change. The final loan payment can differ because of rounding.

Monthly amortization schedule

Loan payments only. Excludes taxes, insurance, HOA fees, and mortgage insurance.

Monthly loan payments and remaining balances in USD.
MonthPaymentPrincipalInterestBalance
1USD 1,516.96USD 216.96USD 1,300.00USD 239,783.04
2USD 1,516.96USD 218.14USD 1,298.82USD 239,564.90
3USD 1,516.96USD 219.32USD 1,297.64USD 239,345.58
4USD 1,516.96USD 220.50USD 1,296.46USD 239,125.08
5USD 1,516.96USD 221.70USD 1,295.26USD 238,903.38
6USD 1,516.96USD 222.90USD 1,294.06USD 238,680.48
7USD 1,516.96USD 224.11USD 1,292.85USD 238,456.37
8USD 1,516.96USD 225.32USD 1,291.64USD 238,231.05
9USD 1,516.96USD 226.54USD 1,290.42USD 238,004.51
10USD 1,516.96USD 227.77USD 1,289.19USD 237,776.74
11USD 1,516.96USD 229.00USD 1,287.96USD 237,547.74
12USD 1,516.96USD 230.24USD 1,286.72USD 237,317.50

Assumptions and limitations

This model uses a fixed nominal annual interest rate divided by 12, with monthly payments at the end of each period. Enter the interest rate, not APR. Local mortgage conventions and lender calculations may differ.

The payment formula uses the loan amount after the down payment. Interest and payments are rounded to the selected currency precision each month. The last payment is adjusted to clear the remaining balance at the selected term.

Annual property taxes and homeowners insurance are divided by 12 and rounded for the monthly estimate. HOA fees and mortgage insurance are entered as monthly amounts. These are separate from principal and interest, whether paid through escrow or separately.

Housing costs are held constant. Mortgage insurance is a user-entered estimate; eligibility, pricing, and automatic cancellation are not modeled. The schedule covers loan principal and interest only.

No adjustable rates, extra payments, closing costs, points, upfront mortgage insurance, fees, utilities, maintenance, tax deductions, or changes in property value are modeled.

Currency changes do not convert amounts. Inputs remain in page state only and reset on refresh. Example values are illustrative, not current market rates or quotes.

Educational estimate only. Not personalized financial advice, a loan offer, or a lender quote.