Mortgage Calculator - Monthly Home Loan Payment Estimator
Estimate the full monthly cost of owning a home — principal, interest, tax, insurance and service fees — plus the total interest you will pay over the life of the loan.
= SAR 180,000.00
Other housing costs (optional)
Saudi Arabia has no annual property tax — leave at 0.
Amortisation schedule
| Year | Principal | Interest | Balance |
|---|---|---|---|
| 1 | 13,801.63 | 39,255.53 | 706,198.37 |
| 2 | 14,580.15 | 38,477.01 | 691,618.22 |
| 3 | 15,402.58 | 37,654.58 | 676,215.64 |
| 4 | 16,271.41 | 36,785.75 | 659,944.23 |
| 5 | 17,189.25 | 35,867.91 | 642,754.98 |
| 6 | 18,158.85 | 34,898.30 | 624,596.13 |
| 7 | 19,183.16 | 33,874.00 | 605,412.97 |
| 8 | 20,265.24 | 32,791.92 | 585,147.73 |
| 9 | 21,408.36 | 31,648.80 | 563,739.38 |
| 10 | 22,615.96 | 30,441.20 | 541,123.42 |
| 11 | 23,891.67 | 29,165.49 | 517,231.75 |
| 12 | 25,239.35 | 27,817.81 | 491,992.40 |
| 13 | 26,663.05 | 26,394.11 | 465,329.35 |
| 14 | 28,167.06 | 24,890.10 | 437,162.29 |
| 15 | 29,755.90 | 23,301.26 | 407,406.39 |
| 16 | 31,434.36 | 21,622.79 | 375,972.03 |
| 17 | 33,207.51 | 19,849.65 | 342,764.52 |
| 18 | 35,080.67 | 17,976.48 | 307,683.84 |
| 19 | 37,059.50 | 15,997.66 | 270,624.34 |
| 20 | 39,149.95 | 13,907.21 | 231,474.39 |
| 21 | 41,358.31 | 11,698.85 | 190,116.08 |
| 22 | 43,691.25 | 9,365.91 | 146,424.84 |
| 23 | 46,155.78 | 6,901.38 | 100,269.06 |
| 24 | 48,759.32 | 4,297.83 | 51,509.73 |
| 25 | 51,509.73 | 1,547.43 | 0.00 |
What is a Mortgage Calculator?
A mortgage calculator estimates what a home will actually cost you every month. It takes the property price and your down payment to work out the loan amount, applies the interest rate and term to get the principal-and-interest payment, then adds the recurring costs that most buyers forget: property tax, home insurance and HOA or service charges. The result is the number your household budget has to absorb — not the smaller figure quoted in an advertisement.
Why Estimate Your Mortgage Before House Hunting?
Knowing your real monthly commitment changes which properties you look at. It also shows how much power your down payment has: a larger deposit lowers both the loan and the loan-to-value ratio, which usually unlocks a better rate and can remove insurance requirements. Working backwards from an affordable payment is a far safer way to set a budget than working forwards from the maximum a lender will approve.
- Get the total monthly payment, not just principal and interest
- Enter your down payment as a percentage or a fixed amount
- See your loan-to-value ratio instantly
- Add property tax, insurance and service fees
- Read the full amortisation schedule year by year or month by month
- See the true lifetime cost of the home, including the deposit
Common Mortgage Calculator Use Cases
First Home
Find out what price range your income can comfortably support.
Down Payment Planning
See how each extra percent of deposit changes the payment.
Refinancing
Compare your current payment against a new rate and term.
Investment Property
Check whether expected rent covers the full monthly outgoing.
Term Comparison
Weigh a 20-year loan against 25 or 30 years of interest.
Equity Timeline
See in which year principal finally overtakes interest.
How to Use the Mortgage Calculator
- Enter the property price.
- Choose whether to give the down payment as a percentage or an amount.
- Enter the interest or profit rate and the loan term in years.
- Add annual property tax, annual insurance and any monthly service fee.
- Read the total monthly payment and the breakdown beneath it.
- Open the amortisation schedule to see how the balance falls over time.
Home Financing in Saudi Arabia and the Gulf
- No annual property tax: Saudi Arabia does not levy a recurring residential property tax, so leave that field at zero. A Real Estate Transaction Tax applies at purchase instead.
- Down payments: minimums for first-time buyers are commonly in the 5–10% range, considerably lower than the 20% conventional in many other markets.
- Islamic finance: Murabaha and Ijara products quote a profit rate rather than interest. You can model them by entering the profit rate, but the contractual structure, fees and early-settlement terms differ — confirm the figures with your bank.
- Service charges: apartments and compounds usually carry a monthly service fee. Put it in the HOA field so it is not left out of your budget.
Understanding Loan-to-Value (LTV)
LTV is the loan divided by the property price. A 20% down payment gives an 80% LTV. Lenders price risk from this ratio, so a lower LTV typically means a lower rate and fewer conditions. It also matters if prices fall: a high LTV leaves very little equity cushion, which becomes a problem if you need to sell early.
Who This Calculator Is For
- First-time buyers setting a realistic budget
- Homeowners considering refinancing
- Property investors modelling rental yield against costs
- Expats comparing financing across countries
- Real estate agents preparing buyer illustrations
- Anyone deciding between a shorter and longer loan term
❓ Frequently Asked Questions
What does a mortgage calculator do?
It estimates the monthly payment on a home loan from the property price, down payment, interest rate and term, then adds recurring costs such as property tax, insurance and service fees.
What is included in a monthly mortgage payment?
Principal and interest are the core. Depending on the country, the payment may also include property tax, homeowner's insurance and HOA or service charges — all of which this calculator lets you add.
How much down payment do I need?
It varies by market and lender. In Saudi Arabia the minimum down payment for first-time buyers is commonly 5–10% of the property value, while many other markets expect 10–20%.
What is LTV?
Loan-to-value is the loan amount divided by the property price. A lower LTV means a bigger down payment, which usually unlocks better rates and reduces the lender's risk.
Does Saudi Arabia charge annual property tax?
No. There is no recurring annual property tax on residential property in Saudi Arabia, so you can leave the property tax field at zero. A real estate transaction tax applies at purchase instead.
Why is total interest so much higher on a 30-year loan?
A longer term keeps a large balance outstanding for far longer, so interest accumulates for more years even though each monthly payment is smaller.
Can I see the amortisation schedule?
Yes. The calculator shows both a yearly summary and a full month-by-month breakdown of principal, interest and the remaining balance.
Does it handle Islamic home finance?
You can model Murabaha or Ijara products by entering the profit rate as the interest rate, but the exact contractual structure and fees will differ — always confirm figures with your bank.
Is the estimate binding?
No. It is an estimate for planning. Your lender's offer depends on credit assessment, income, fees, insurance requirements and the final approved rate.
Is my data private?
Yes. All calculations happen in your browser and nothing is transmitted or stored.