This calculator shows how long it will take to pay off up to three different mortgages. For each, enter the total amount to borrow and the interest rate along with amount and frequency of repayments.
Notes on this calculator
Repayments are not assumed to increase each year.
These calculators are designed to give you ballpark figures only - in other words, they won't be exact to the absolute dollars and cents.
You don't need to use dollar signs or commas when inserting dollar amounts.
Example: 10500 not $10,500. [back]