How is a mortgage monthly payment calculated?

Monthly Payment = P × [r(1+r)^n] / [(1+r)^n - 1], where P is the loan principal, r is the monthly interest rate (annual rate ÷ 12), and n is the number of monthly payments (years × 12).

What is a good mortgage interest rate?

A good mortgage rate depends on the country and economic conditions. In the USA, rates typically range from 3–7%. In the UK, 3–6%. In the UAE, 3–5%. Rates vary based on your credit score, loan-to-value ratio, and loan term.

How much can I borrow for a mortgage?

Most lenders allow you to borrow 3–5× your annual income. In the UAE and Saudi Arabia, banks typically finance up to 80% of the property value. Use this calculator to estimate your monthly payment based on any loan amount.

Mortgage Calculator

Calculate monthly payments for any country — USA, UK, UAE, Egypt, Saudi Arabia & EU

Home Price ($)

Down Payment ($)

Down Payment (%)

Annual Interest Rate (%)

Loan Term (years)

Start Month

Amortization Schedule (First 24 Months)

#	Payment	Principal	Interest	Balance

Country-Specific Mortgage Information

Country	Typical Rate	Max LTV	Max Term	Notes
USA	5.5–7.5%	97%	30 years	Fixed & ARM options; 20% down avoids PMI
UK	4–6%	95%	25–35 years	Fixed 2–5 yr terms typical; Help-to-Buy scheme
UAE	3.5–5.5%	80% (expats: 75%)	25 years	Islamic (Murabaha) & conventional options
Saudi Arabia	3.5–5%	85%	30 years	REDF subsidized loans for Saudi nationals
Egypt	12–18%	80%	20 years	Social housing rates lower; rates vary widely
EU (Germany)	3–4.5%	80%	20–30 years	Fixed-rate common; Bausparvertrag scheme

How to Use This Mortgage Calculator

Select your country from the tabs above — this pre-fills typical interest rates and shows country-specific notes
Enter the home price in your local currency
Enter your down payment amount or percentage (they sync automatically)
Adjust the interest rate to match current rates or your bank's offer
Select the loan term (common: 15 or 30 years in USA; 25 years in UAE)
Click Calculate Payment to see your monthly payment, total interest, and amortization schedule

Frequently Asked Questions — Mortgage

► How is a monthly mortgage payment calculated?

► What is LTV (Loan-to-Value)?

► Is it better to choose 15-year or 30-year mortgage?