Cambodian Online Property Portal

Mortgage Calculator

Calculate your mortgage easily with Mania Estate’s quick and easy-to-use mortgage calculator.

What will my mortgage Cost ?

Buying property is one of the biggest financial decisions you will make. That is why it is of utmost importance that you carefully calculate what you can afford to pay off on your mortgage monthly. Our mortgage calculator is here to make that a bit easier for you, just to speed up and ease the process.

What is a Mortgage, and how does it work?

In the simplest of terms, a mortgage can be explained as a loan taken out to purchase a house or any type of property. Usually, you can expect your mortgage to span over 25 years, but this all depends on the initial deposit, how big your installments are and other factors. If you fail to make the payments on your mortgage, the bank or wherever you got your mortgage from is able to repossess the house in order to settle the payment.

There are different types of mortgages, but the type of mortgage you apply for will essentially depend on whether your monthly installments include capital and interest, or only interest. The former is called a Repayment mortgage, and the latter Interest-only mortgage.

Interest-only Mortgages
When opting for an interest-only mortgage, you only pay the interest on your loan, and not anything on the capital. What this implies is that you end up owing the original loan amount once the mortgage is paid.

Repayment Mortgages
You’ll pay interest and some of the capital in your monthly installments and should be able to have completely paid off your loan at the end of the term.

How does a Mortgage Calculator work?

A mortgage calculator is a tool that assists users in calculating what their monthly installment would come to, allowing you to see exactly what you can afford when investing in a new property.

Mortgage calculators run different formulas to calculate your installment prompting you to complete details such as your principal, what exactly your interest rate is, and the period of your mortgage, for example, 12 or 25 years. Some advanced mortgage calculators are even able to include other complex variables such as what your insurance and taxes would amount to, to give you a very in-depth look at your monthly expenses for the duration of your mortgage.

Complete the fields in our form below to calculate your mortgage quickly and easily.