How to Use the  Mortgage Calculator

Enter Loan Details:
Loan Amount ($): Total amount you wish to borrow.

Annual Interest Rate (%): Initial annual interest rate of the loan.

Loan Term (years): Number of years over which the loan will be repaid.

Select Mortgage Type:
Choose from:
Fixed-Rate Mortgage
Adjustable-Rate Mortgage (ARM)
Interest-Only Mortgage
Linear Mortgage

Enter Additional ARM Details (if applicable):
ARM Fixed Period (years): Duration of the initial fixed interest rate.
Adjustment Interval (years): How often the interest rate adjusts after the fixed period.
Lifetime Interest Rate Cap (%): Maximum interest rate over the life of the loan.

Calculate:Click the Calculate button to generate the payment schedule and summary.

View Results:Payment Summary: Shows total principal paid, total interest paid, and total cost of the loan.
Amortization Table: Displays key payment periods with details on interest rate, total payment, principal, interest, and remaining balance.
Pie Chart: Visualizes the breakdown between total principal and total interest paid.