🏠
Mortgage Calculator
Calculate your monthly payment and plan your real estate investment with our French amortization calculator.
Estimated Monthly Payment
$0
per month
Loan Amount $0
Total Interest $0
Total Cost of Loan $0
How is your payment calculated?
This calculator uses the French Amortization System. In this system, your monthly payments remain constant, but their composition changes: initially, you pay mostly interest, and towards the end, mostly principal.
The Math Formula
M = P
r(1 + r)n (1 + r)n - 1
P
P = Loan Amount (Principal)
r
r = Monthly Interest Rate
n
n = Total Number of Payments (months) Key Terms
💰
Principal
The original sum of money borrowed (Property Name - Down Payment).
📉
Interest
The cost charged by the lender for borrowing the money.
📅
Amortization
The process of paying off debt through regular scheduled payments.
Financial Tips
- ✅ Term matters: A 15-year loan has higher monthly payments than a 30-year one, but you will pay significantly less total interest.
- ✅ Increase Down Payment: Putting more money down reduces your loan amount and monthly payment immediately.
- ✅ Extra Payments: If possible, make extra payments towards the principal to shorten the loan life.