Online Calulator for Mortgage Interest per month?

AFK_Matrix

Hi,

I am wondering if there is a calulator online that will show me how much interest I am paying monthly on my mortgage?

I have a calulation I got off the internet but a calulator would be easier if there is one. Everyone I have seen just tells me the total amount I'll pay each month, not broken down into capital and interest.

Thanks

Farmerbob

I use this but it might not work as well if you make any overpayments but you can get a fairly good idea:

https://www.easycalculation.com/mortgage/amortization.php

jkwer521

Search bbc mortgage calculator

getmore4less

http://www.whatsthecost.com/mortgage.aspx

none can get it 100% right as it depends on thing like exact payment date and days in the month

amnblog

You can see the capital change in your annual mortgage statement.


Also, your original mortgage figures will show a chart projecting how your capital is repaid year by year.

BLOW_FLY

AFK_Matrix wrote: »

Hi,

I am wondering if there is a calulator online that will show me how much interest I am paying monthly on my mortgage?

I have a calulation I got off the internet but a calulator would be easier if there is one. Everyone I have seen just tells me the total amount I'll pay each month, not broken down into capital and interest.

Thanks

This is the best one I've ever found / used:

https://m.drcalculator.com/mortgage/

BF

AFK_Matrix

amnblog wrote: »

You can see the capital change in your annual mortgage statement.


Also, your original mortgage figures will show a chart projecting how your capital is repaid year by year.

Thanks to everyone for the calculator suggestions, I'll have a try out of them tonight. And I know I can get these figures from my annual statement but I like to track what my mortgage is doing. And unfortunately my building society doesn't have any online facilities to do this.

getmore4less

AFK_Matrix wrote: »

Thanks to everyone for the calculator suggestions, I'll have a try out of them tonight. And I know I can get these figures from my annual statement but I like to track what my mortgage is doing. And unfortunately my building society doesn't have any online facilities to do this.

Most calculators will use standard amortization of 12 equal months so will be out over the year by a little bit.

If you want to track more accurately you can model it in a spreadsheet with real payment dates to the day.

getmore4less

BLOW_FLY wrote: »

This is the best one I've ever found / used:

https://m.drcalculator.com/mortgage/

BF

had a look does not do monthly

AFK_Matrix

getmore4less wrote: »

Most calculators will use standard amortization of 12 equal months so will be out over the year by a little bit.

If you want to track more accurately you can model it in a spreadsheet with real payment dates to the day.

I am not wanting to track it that accurately, if I am out a few pence each month that's fine. I did it this way with my previous lender and it wasn't too bad.

Just to look at it though, would you do an interest calucaltion for every day of the month in excel? So you would actually divide by 365 days instead of 12 months?