200,000 Mortgage over 30 Years

It is the most common mortgage repayment method. The monthly payment stays fixed throughout the loan. Initially, a larger portion goes toward interest and less toward principal, but this ratio gradually reverses over time.

Banks recommend that your mortgage payment should not exceed 30-35% of your net monthly income. This calculator uses 30% as the reference to determine the minimum required salary.

Each percentage point difference in the interest rate can mean thousands in additional interest paid. For example, on a 150,000 mortgage over 25 years, going from 2.5% to 3.5% results in roughly 25,000 more in total interest.