The Repayment Calculator gives you an idea of how much your monthly mortgage payments will be. It’s based on the following:
- Your loan amount
- Your interest rate
- Your loan term
You can see how payments might change by adjusting these inputs. For instance, selecting a longer loan term reduces the monthly amount but increases the total interest paid. On the other hand, shorter terms may mean higher monthly repayments but less interest overall. Make sure you use this tool if you need help budgeting mortgage payments!
