How to Calculate Mortgage Payment

An intuitive mortgage loan calculator to determine monthly payments and visualize cost breakdowns.

The 'How to Calculate Mortgage Payment' extension is a comprehensive tool designed to simplify the mortgage calculation process for homeowners, real estate professionals, and potential buyers. Users can effortlessly input loan details such as the loan amount, term, interest rate, property tax, insurance, and more to obtain an accurate breakdown of monthly and yearly mortgage payments. The results are beautifully visualized through a pie chart, showcasing the proportion of principal, interest, taxes, and other fees. Moreover, the calculator offers multiple repayment methods like equal principal and interest, catering to diverse financial planning needs. With support for different countries, users can also get insights based on regional financial norms. This extension aims to empower users with the knowledge to make informed and confident financial decisions, whether they're buying their first home or refinancing an existing mortgage.