Calculadora de Hipoteca

How to use it

1. {'step': 1, 'description': 'Calculate loan principal after down payment', 'calculation': '€285,000 × (1 - 18/100) = €233,700'}
2. {'step': 2, 'description': 'Convert annual rate to monthly rate', 'calculation': '3.25% ÷ 12 ÷ 100 = 0.002708'}
3. {'step': 3, 'description': 'Calculate total number of payments', 'calculation': '28 years × 12 = 336 months'}
4. {'step': 4, 'description': 'Apply mortgage payment formula', 'calculation': '€233,700 × [0.002708(1.002708)^336] ÷ [(1.002708)^336 - 1] = €1,048.23'}

Common mistakes

• ⚠️ Forgetting to include property taxes and insurance in total monthly housing costs
• ⚠️ Using the home price instead of the loan principal (after down payment) in calculations
• ⚠️ Not accounting for the total interest paid over the entire loan term

Worked example

Calculating monthly mortgage payment for a €285,000 home with 18% down payment over 28 years at 3.25% interest.

The cuota_mensual of {cuota_mensual} represents your monthly mortgage payment including principal and interest. Total interest paid over the loan life will be {total_intereses}.

Input guide