Mortgage Calculator

Monthly payment, rates and early-payoff comparison

Quick Answer

Mortgage Calculator: Monthly payment, rates and early-payoff comparison. Payment = P × i × (1+i)ⁿ ÷ [(1+i)ⁿ − 1].

Equal payment: M=P×r×(1+r)ⁿ÷[(1+r)ⁿ-1] | Equal principal: k-th month=P/n+(P-P×(k-1)/n)×r | LPR (2025): 1Y 3.10% / 5Y+ 3.45% | Housing fund: 2.85%

Loan Type

Commercial loan amount (CNY)

Commercial annual rate (%)

Loan term (years)

Repayment Method

First payment month

Holding costs (optional)

Property fee /mo

Heating /yr

Insurance /yr

Equal Payment Monthly Payment4,462.58CNY

Total Loan1,000,000CNY

Total Payment1,606,529.86CNY

Total Interest606,529.86CNY

Interest Share37.8%

Payment Breakdown

Principal1,000,000 (62.2%)Interest606,530 (37.8%)

AssessmentLow interest share — light burden

Reference rates (2025)LPR 1Y 3.10% / 5Y+ 3.45% | Fund 2.85%

Calculation steps

1Principal 1,000,000, 360 months, equal payment
2Monthly payment = P × r × (1+r)ⁿ ÷ ((1+r)ⁿ − 1) = 4,462.58
3Total repaid = payment × n = 1,606,529.86
4Total interest = total − principal = 606,529.86 (37.8%)

5Y+ LPR history (year-end)

20204.65%

20214.65%

20224.30%

20234.20%

20243.60%

20253.45%

Equal payment keeps the monthly outlay constant (better for stable budgets); equal principal costs more early on but saves 10–20% total interest over 30 years. LPR repricing applies from your loan's repricing date — a rate cut does not lower your payment immediately.

💡 Switch to the "Prepayment" tab to compare 3 early-payoff plans

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How to Use

Enter amounts and terms: fill principal, rate and period in the Mortgage Calculator (defaults work for a quick try).
Instant results: key figures and cost breakdown update live as you type.
Compare scenarios: tweak any parameter to compare costs and returns across plans.
Copy key numbers: one-click copy for records or sharing with your advisor.

Key Points

Mortgage Calculator is a free online finance tool — open and use, no sign-up.
All calculations run locally in your browser; your data never leaves the device.
Key capability: Monthly payment, rates and early-payoff comparison.
Results come with formulas and reference tables so you can verify every number.

Formula & How It Works

Equal monthly payment (annuity)

Payment = P × i × (1+i)ⁿ ÷ [(1+i)ⁿ − 1]

P = principal, i = annual rate ÷ 12, n = months

Total interest = payment × n − P

FAQ

How do I use the Mortgage Calculator?

Open the page and fill in the input fields — results update automatically. Monthly payment, rates and early-payoff comparison.

Are the results accurate?

Yes. Standard financial formulas and published rate data are used. For official figures, consult your financial institution.

Is it free? Do I need to sign up?

Completely free. No registration, login or download required.

Can I use the results for financial decisions?

Results are for reference. Consult a licensed financial advisor before major decisions.

Does it work on mobile?

Yes. Fully responsive on phones, tablets and desktops.

Related Guides

Source & Updates

Based on published rate tables and standard financial formulas. Last updated: 2025-07

Authoritative sources:

Last updated: 2026-08-07

Formulas and content on this page are reviewed by the YiJianSuan team. For reference only — official sources prevail.

Cite this page: YiJianSuan. Mortgage Calculator[EB/OL]. https://www.yijiansuan.com/en/c/finance/mortgage

Results provided by this tool are for reference only and do not constitute professional advice.

5Y+ LPR history (year-end)

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How to Use

Key Points

Formula & How It Works

FAQ

Related Tools

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Source & Updates

5Y+ LPR history (year-end)