Mortgage Calculator

Loan Amount: The total amount you're borrowing. For investment properties, this is typically the purchase price minus your down payment.

Interest Rate: The annual percentage rate (APR) charged by the lender. Investment property rates are typically 0.5-1% higher than primary residence rates.

Loan Term: The length of time to repay the loan. Common terms are 15, 20, or 30 years. Shorter terms have higher monthly payments but lower total interest.

Amortization: The schedule shows how each payment is split between principal (loan balance) and interest. Early payments are mostly interest, while later payments are mostly principal.