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Mortgage Calculator
Calculate monthly mortgage payments and LTV ratio from property value, down payment, and interest rate.
LTV:—
💡 How to Use
Enter the property value and down payment to automatically calculate the loan amount and LTV (loan-to-value) ratio. Select the annual interest rate (%) and loan term (10–35 years), then click 'Calculate' to instantly see the monthly payment, total interest, and total repayment amount. Toggle between equal payment and equal principal repayment methods to compare, and view the full amortization schedule. The LTV badge updates in real-time with color coding (green ≤50%, yellow ≤70%, red >70%) for intuitive risk assessment.
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FAQ
What is LTV (Loan-to-Value ratio)?▼
LTV is the ratio of the loan amount to the property value. For example, a $300K loan on a $500K home is 60% LTV. Maximum LTV limits vary by region and regulation, so always check before applying.
Which is better for a mortgage: equal payment or equal principal?▼
Equal payment keeps monthly bills stable, making budgeting easier. Equal principal has higher initial payments but less total interest. For long-term mortgages (20–30 years), the interest difference can be substantial — use the calculator to compare.
Should I choose a fixed or variable rate for my mortgage?▼
Fixed rate eliminates interest rate risk and is safer for long-term (20+ year) loans. Variable rates start lower but payments change with the market. Mixed-rate options (e.g., 5-year fixed then variable) are also available — choose based on your situation.