Mortgage calculator
Monthly payment and overpayment estimate
Loan parameters
Property price minus down payment
Down payment amount: $1,000,000
Monthly payment
$44,043
Total paid
$10,570,427
Overpayment
$6,570,427
Additional costs
Down payment$1,000,000
Insurance/mo$2,083
Total/mo with extras$46,127
Frequently asked questions
Which payment type is better?
Differentiated payments usually result in a lower total overpayment, but require higher payments at the beginning. Annuity payments are the same each month, which is more convenient for budgeting.
How is the annuity payment calculated?
Payment = S × (P × (1+P)^n) / ((1+P)^n - 1), where S is the loan amount, P is the monthly interest rate, and n is the number of months.