This simulator calculates a mortgage across twenty countries and, above all, the fees that come with it: those, rather than the interest rate, explain most of the gap from one country to the next. Buying costs roughly 2 to 3 per cent of the price in the Netherlands and the United Kingdom, 7 to 8 per cent in France on an existing home, and 10 to 11 per cent in Germany once the agency commission is counted, sums paid in cash on top of the deposit, and never borrowed. Enter a price, a deposit, a term and a rate: you get the monthly payment including insurance, the total cost of the credit, every fee broken out line by line and a year-by-year amortisation table. The rates come from each country's own authorities and every page carries its date.
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Simulate your mortgage online: monthly payments, interest rate, total cost and amortization schedule. Free tool for home buyers and rental investors alike.
A mortgage simulation lets you estimate your monthly payments based on three parameters: the loan amount, the loan term, and the interest rate. The calculation relies on the standard amortization formula used by all banks. Our tool also factors in borrower's insurance, an often-overlooked element that can account for up to 30% of the total loan cost.
Your mortgage rate depends on several factors: your down payment, your debt-to-income ratio, the loan term, and your borrower profile. To secure the best mortgage rate, compare offers from multiple lenders and consider working with a mortgage broker. A difference of 0.3% on the rate can mean thousands of dollars in savings over the full term of your mortgage.
For a rental investment, a loan simulation is essential to calculate your monthly cash flow. By comparing your mortgage payment (including insurance) with the expected rent, you can estimate the net return on your project. Our simulator lets you test different rate, term, and amount scenarios to optimize your real estate investment.
The amortization schedule breaks down, year by year, how each monthly payment is split between principal repayment and interest. At the beginning of a mortgage, the interest portion is high and gradually decreases as more goes toward principal. This schedule is essential for understanding the true cost of your loan and considering potential early repayment.
Mortgage rates vary depending on the loan term and the borrower's profile. In 2025, average rates range between 6% and 7.5% on a 30-year fixed mortgage. Use our mortgage simulator to calculate the exact impact of the rate on your monthly payments and the total cost of your loan.
A mortgage monthly payment is calculated using the constant annuity formula: M = P x r / (1 - (1+r)^-n), where P is the principal, r is the monthly rate, and n is the number of months. Our simulator performs this calculation in real time and adds borrower's insurance for a complete result.
The mortgage term directly affects your monthly payments and total cost. A 15-year loan costs less in interest but requires higher monthly payments. A 30-year term offers lower payments but significantly increases the total loan cost. The simulation helps you find the right balance.
Mortgage insurance is often required by lenders to protect the loan. It typically costs between 0.10% and 0.50% of the borrowed amount per year. On a $300,000 loan over 30 years, that can represent $9,000 to $45,000 in additional cost. Our loan simulator includes it for a realistic calculation of the overall cost.
A profitable rental investment starts with a solid mortgage simulation. Calculate your total monthly payment (loan + insurance), compare it to the estimated rent, and factor in expenses (property taxes, maintenance, vacancy). A good interest rate and an appropriate term are the keys to a successful real estate investment.
Yes, if mortgage rates have dropped since you took out your loan, you can refinance with your current lender or switch to a new one. A general rule of thumb: a rate reduction of at least 0.75 points and a remaining balance above $100,000 make refinancing worthwhile. Use our tool to simulate the potential savings.
The annual interest rate on the mortgage, excluding insurance and additional fees. It is the basis for calculating the interest on your loan.
Annual Percentage Rate. It includes the nominal rate, mortgage insurance, and all mandatory fees. It represents the true cost of your mortgage.
The gradual repayment of the borrowed principal. Each mortgage payment includes a portion that goes toward principal and a portion that covers interest.
The amount you invest upfront without borrowing. A down payment of 10% to 20% often helps you secure a better mortgage rate.
The ratio between your debt obligations and your income. Lenders typically prefer this ratio to stay below 36% to 43% for mortgage approval.
The purchase of a property intended for rental. A loan simulation helps you calculate the net return before committing.
Insurance that protects the lender in case the borrower defaults. It is typically required when the down payment is less than 20% of the property value.
Paying off all or part of the remaining balance before the end of the mortgage term. Prepayment penalties may apply depending on your loan agreement.
Fees paid at the time of purchase, including appraisal, title insurance, attorney fees, and taxes. They typically range from 2% to 5% of the purchase price and are usually not included in the mortgage.