Purpose of Mortgage Calculator
A Mortgage Calculator helps you determine the monthly payments required to repay a home loan over time. Whether you're choosing a fixed-rate, adjustable-rate, FHA, VA, or jumbo mortgage, this tool breaks down your total repayment into principal and interest. It’s ideal for homeowners, first-time buyers, or real estate investors evaluating affordability.
How to Use
- Select your mortgage type (Fixed, ARM, FHA, etc.).
- Enter the loan amount and annual interest rate.
- Choose loan tenure and your preferred unit (years or months).
- Click “Calculate” to view monthly payment, total interest, and total cost.
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