How it works
Most European mortgages are annuity loans: you pay the same amount every month, but the mix shifts over time — early payments are mostly interest, later payments mostly principal. Your monthly payment depends on just three numbers: the amount borrowed, the interest rate and the term.
This mortgage payment calculator gives you the exact monthly payment on your home loan, the total interest you will pay over its life, and a year-by-year amortization schedule showing how your balance falls. Small rate differences compound dramatically: on a €250,000 loan over 25 years, one extra percentage point costs roughly €35,000 in additional interest.
Annuity payment formula
M = P × r ÷ (1 − (1 + r)⁻ⁿ)M = monthly payment, P = loan amount, r = annual rate ÷ 12, n = number of monthly payments. With a 0% rate the payment is simply P ÷ n.