Mortgage calculator
This free mortgage calculator works out the monthly payment on a home loan. Enter the property price, your down payment, the annual interest rate and the term in years, and you'll see the loan amount, monthly payment, total repaid and total interest. It's handy for sizing the monthly burden before buying a home in Kvemo Kartli.
How the calculation works
The loan amount = price − down payment. The payment uses the annuity formula: loan × monthly rate / (1 − (1 + monthly rate)^−months), where months = years × 12 and the monthly rate = annual rate / 12. You pay the same amount each month; early payments are mostly interest. Total repaid is the payment times the number of months.
Worked example
For a 100,000 property with a 20,000 down payment at 12% over 15 years, the loan is 80,000; the payment is about 960 and the total interest is substantial. Confirm exact terms with your bank.
Frequently asked questions
What is the down payment?
The part of the price you pay in cash; the rest is financed by the loan.
What unit is the term?
Years. For a 15-year mortgage enter 15.
How accurate is the result?
It's an estimate; fees and insurance aren't included.
Is the tool free?
Yes — completely free.