Loans & Mortgage
How to Calculate Mortgage Payments (Formula, Example, Calculator)
The amortisation formula behind every mortgage payment, worked through step by step, plus the taxes and insurance most calculators leave out.
Loans & Mortgage
Loan Calculators
How repayment and amortisation calculations work, and what they leave out.
This section collects Legamoney's explainers and comparisons on loan calculators. Each guide states what it covers, cites the material it relies on, and carries the date it was last reviewed so you can judge how current it is. Nothing here is personalised advice; it is background you can take into a decision or a conversation with a qualified professional.
121 published guides in Loan Calculators, within Loans & Mortgage.
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Mortgages
How to Read a Mortgage Statement and Verify Every Line
Check the interest charge, principal applied, escrow balance and any fees against your own arithmetic in under five minutes.
Mortgages
15-Year vs 30-Year Mortgage: How to Run the Comparison Yourself
Two payments, two interest totals and one cash-flow decision — the exact calculation to run before choosing a term.
Mortgages
How to Estimate Mortgage Closing Costs Before You Get a Loan Estimate
The line items that make up closing costs, typical ranges as a share of the loan, and which of them are negotiable.
Mortgages
How to Calculate Debt-to-Income Ratio the Way Underwriters Do
Which debts count, which do not, and how front-end and back-end ratios are calculated on gross rather than net income.