Mortgage Loan Calculator

Principal & Interest

Mortgage Term



The principal is the amount of money borrowed on your loan.

Interest Rate

The interest rate is annual cost of a loan to a borrower, expressed as a percentage.


The interest is the charge paid for borrowing money.


The number of years or months it will take to pay off a loan. The loan term is used to determine the payment amount, repayment schedule and total interest paid over the life of the loan.