Mortgage Calculator
Amortisation schedule
| No. | Monthly payment | Principal | Interest | Balance |
|---|
Computed with the standard formulas. Banks accrue interest daily, so real figures may differ by a few yuan. Rate changes and early repayment will move the numbers too.
About Mortgage Calculator
Fill in the amount, the annual rate and the term, pick a repayment method, and you get the monthly payment, total interest, total repaid, and a period-by-period breakdown.
The difference between the two methods is worth a look before deciding. Equal payment keeps the monthly figure fixed, with interest front-loaded. Equal principal repays a fixed slice of principal each month, so the payment falls steadily, total interest is lower, and the early years cost noticeably more. On a one million loan over thirty years at 4.9 percent, the gap in interest runs past a hundred thousand.
The rate is typed in by hand. LPR is adjusted yearly and banks add their own margin, so use the rate on your contract for real decisions; treat these numbers as a way to test what you can afford.
Frequently asked questions
Why is it a few yuan off from the bank?
Banks accrue interest daily, so the first and last periods are usually partial months. This page works in whole months.
Which repayment method should I choose?
Equal principal costs less in total interest, equal payment keeps the monthly figure steady. There is no universally better choice, only a trade-off between total cost and monthly cash flow.
Is the rate annual or monthly?
Annual. It is divided by twelve internally, which matches how LPR is quoted.
Does it handle housing fund loans?
Yes, enter that rate directly. A combined loan needs to be split into two and the monthly payments added.
