Understand Your Home Loan, Then Decide If You Want To Accelerate
Learn how your home loan really works: payments, interest, and payoff timeline, with an optional view of how extra payments can speed things up.
Introduction
Buying a home is likely your biggest commitment. This home loan calculator helps you learn how your mortgage works: what you pay monthly, how interest adds up, and how long payoff takes, so you avoid costly mistakes and plan with confidence. Start with the essentials: monthly instalments, total interest, and what principal, interest, and balance mean. If you are curious about prepaying, switch on the extra payment view to see how occasional or regular top ups and the interest rate itself change your costs and payoff speed. We also showcase the amortization (the scheduled paydown of principal plus interest over time).
How It Works
Enter your property value, down payment, interest rate, and tenure. Then add optional extra payments. We’ll project your monthly instalments, total interest, and the time saved when you pay extra.
What You’ll Learn
- •Your monthly instalment and total interest across the loan.
- •How extra payments shorten the tenure and reduce interest.
- •The payoff date with and without additional payments.
- •A yearly/monthly view of principal vs. interest over time.