Mortgage calculator

Enter the price, down payment, rate and term to estimate the monthly payment.

Results

Estimated monthly payment 669 JOD

Amount financed: 80,000 JOD
Down payment: 20,000 JOD
Total interest: 80,596 JOD
Total of all payments: 160,596 JOD

How it is calculated: Interest is charged on the amount still owed, so each payment repays more of the loan over time.

Estimates only. This is not an offer of finance or financial advice. Rates, fees, eligibility and the final instalment vary by bank and change over time; ask the bank for a written quote.

Cash needed upfront

Down payment: 20,000 JOD
Fees and one-off costs: 5,030 JOD
Estimated cash needed: 25,030 JOD

See every buying cost

Repayment summary

What is paid in selected years, and the balance left at the end of each.
Year	Interest paid	Principal paid	Balance at year end
1	6,339 JOD	1,691 JOD	78,309 JOD
2	6,199 JOD	1,831 JOD	76,478 JOD
3	6,047 JOD	1,983 JOD	74,495 JOD
5	5,704 JOD	2,326 JOD	70,020 JOD
10	4,564 JOD	3,466 JOD	55,153 JOD
15	2,867 JOD	5,163 JOD	33,002 JOD
20	337 JOD	7,692 JOD	0 JOD

About this calculator

The mortgage calculator estimates the monthly payment on the part of the price you finance: the price minus your down payment. It also shows the total of all payments, how much of that is interest or profit, and a yearly summary of what is paid and what is still owed.

The starting rate, term and down payment are Hagzi's defaults for Jordan. Change them to match the quote you have.

Questions

How is the payment worked out for Islamic finance?: For a conventional loan, Ijara and diminishing Musharaka, the payment is worked out on the balance still owed, so each payment repays a little more of the amount financed. For Murabaha, the profit is fixed at the start (the amount financed × the profit rate × the years) and spread evenly over the term.
Is this the payment a bank will offer me?: No. It is an estimate from the figures you enter. Banks set their own rates, fees and eligibility, and the final instalment can differ. Ask the bank for a written quote.
What else do I pay when I buy?: Registration and other one-off costs come on top of the down payment. The buying costs calculator adds them up.