finance

Mortgage Payment Calculator

Mortgage calculator with fixed monthly payments: compute your monthly payment, total interest and full amortization schedule for any loan amount, rate and term.

Free online · Instant results

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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Frequently Asked Questions

How is a mortgage payment calculated?▼

Payment = Principal × r × (1+r)^n ÷ ((1+r)^n − 1), where r is the monthly rate and n the number of months.

Why is most of my early payment interest?▼

With level payments, interest is charged on the remaining balance, which is largest at the start. The principal share grows over time.

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.

💡

This is a dedicated variant of the Mortgage Calculator, pre-configured for this scenario with tailored FAQs.