Mortgage Repayment Calculator:

This mortgage repayment calculator will help you to find out how much your mortgage will be over your repayment term. This calculator will also show you the differences in the amounts you will have to pay back if you change the length of the mortgage term. Changing the term to a shorter one will cost more in the short term but will cost less over the life of the mortgage. For example if you pay your mortgage off over a five year term you will typically pay 1.17 times value of your mortgage back. When the term is changed to 30 years you typically pay back 2.28 times your mortgage. To use this calculator simply change the light blue variables and press update.

Mortgage Details:   Mortgage Repayment Summary:
Buying price of property  
Down payment/deposit   The total cost of the mortgage over the over lifetime
Mortgage (automatically calculates)   You will have paid back how many times the initial mortgage amount?
Mortgage rate (in percent; i.e. 6.5)  
Term in years
 
Mortgage repayment frequency
 
 
Mortgage Cost Totals:
   
 
 
Average cost of mortgage per year   Over the lifetime of your loan you will pay back in interest
Total Costs of Mortgage At Diffent Terms:
   
Changing the term period to 5 years:  
Changing the term period to 10 years:  
Changing the term period to 15 years:  
Changing the term period to 20 years:    
Changing the term period to 25 years:    
Changing the term period to 30 years:    
   
How Much Can You Save By Changing Term?:
     
Changing your mortgage to 5 years will save you:    
Changing your mortgage to 10 years will save you:    
Changing your mortgage to 15 years will save you:    
Changing your mortgage to 20 years will save you:    
Changing your mortgage to 25 years will save you:    
Changing your mortgage to 30 years will save you:    
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