Mortgage Calculator
Enter your loan amount, annual interest rate, and term to see your monthly payment and total interest.
Monthly payment
SAR 2,923
Total paid: SAR 876,885 • Total interest: SAR 376,885
- Principal share
- 57%
- Interest share
- 43%
- # of payments
- 300
How it works
We use the standard amortization formula to spread the loan across all months. Each payment covers part principal and part interest. Longer terms mean smaller payments but higher total interest.
Formula
M = P · r · (1 + r)^n / ((1 + r)^n − 1), where P is the principal, r is the monthly rate, and n is months.
Worked example
A SAR 500,000 loan at 5% for 25 years ≈ SAR 2,923/month, with about SAR 376,900 in total interest.
FAQ
- Does the calculator include fees?
- No — it shows principal and interest only. Bank fees and insurance are calculated separately.
- Fixed vs declining rate?
- We use a reducing-balance amortization, the most common method for home financing.
- How do I reduce total interest?
- Increase your down payment, shorten the term, or make extra payments when possible.