About This Tool

This Mortgage Calculator Tool helps you estimate your monthly mortgage payments based on the loan amount, interest rate, and loan term. It also provides a breakdown of the total interest paid over the life of the loan.

How to Use

1. Enter the loan amount in USD.
2. Enter the annual interest rate in percentage.
3. Enter the loan term in years.
4. Click ‘Calculate’ to see your monthly payment and total interest.
5. Use the ‘Reset’ button to clear the inputs and start over.

Key Features (USP)

• Simple and intuitive interface
• Real-time calculation without page reload
• Visual breakdown of principal and interest
• Responsive design for mobile and desktop

Why Use Our Calculator?

Our calculator provides accurate estimates quickly and easily. With a user-friendly design and instant results, you can plan your mortgage payments effectively. The visual graph helps you understand how much of your payments go towards interest versus principal.