What is a mortgage calculator?

A mortgage calculator is a financial tool designed to help you calculate your estimated monthly repayments.

The repayments are based off the loan amount, interest rate and total loan term.

Mortgage calculators are a valuable tool for perspective homebuyers to better understand their future commitment and make informed decisions when it comes to borrowing or refinancing an existing mortgage.

Not all calculators are built the same, lenders and financial institutions provide different types to suit your individual needs.

Please click here for access to some mortgage calculators.