Mortgage Loan Calculator
Free online mortgage calculator with equal installment and equal principal methods, total interest and amortization schedule.
How to Use
- Choose repayment method
Switch between Equal Installment and Equal Principal tabs. Enter loan amount (10k CNY), term in years, and annual rate.
- View monthly payment and interest
Click Calculate to see monthly payment, total interest, total repayment, and a yearly amortization schedule.
- Rate conversion
In LPR mode, enter the 5-year LPR and basis points (BP). Annual rate = LPR + BP/10000.
FAQ
Equal installment vs equal principal?
Equal installment keeps the same monthly payment with more interest early on; equal principal repays the same principal each month, so the payment decreases and total interest is lower.
What is LPR?
LPR (Loan Prime Rate) is the benchmark rate published by the central bank, the main reference for commercial loan rates.
Is early repayment worth it?
It depends on the remaining term and rate. In general, the earlier you repay under equal principal, the more interest you save.