Mortgage Payment Calculator UAE

Calculate your monthly mortgage payments based on the loan amount, interest rate, and term length.

Loan Amount (AED) Annual Interest Rate (%) Loan Term (Years) Monthly Payment (AED)

function calculateMortgage(){ const loanAmount = parseFloat(document.getElementById(“loanAmount”).value); const interestRate = parseFloat(document.getElementById(“interestRate”).value) / 100 / 12; const loanTerm = parseInt(document.getElementById(“loanTerm”).value) * 12; if(isNaN(loanAmount) || isNaN(interestRate) || isNaN(loanTerm) || loanAmount <= 0 || interestRate <= 0 || loanTerm el.value = “”); }

This mortgage payment calculator for the UAE helps you estimate your monthly mortgage payments based on the loan amount, interest rate, and loan term. Adjust the values to calculate the best plan for you.

Mortgage Payment Formula

Monthly Payment = Loan Amount × (Monthly Interest Rate) / (1 – (1 + Monthly Interest Rate)^(-Loan Term))

Example Calculation

A loan amount of AED 500,000 at a 5% annual interest rate for a 25-year term gives a monthly payment of AED 2,899.42.

Why It Matters

Calculating your monthly mortgage payments can help you understand what fits into your budget, allowing you to make informed decisions before signing a mortgage agreement.

Smart Strategy

It’s important to balance affordability with the length of the loan. Longer terms lower monthly payments but increase the total interest paid over time.

FAQs

What is a good mortgage term? A 15 to 30-year term is standard, with shorter terms offering lower interest payments.

How do I reduce my mortgage payments? You can reduce payments by increasing your down payment or opting for a lower interest rate.

Mortgage Calculator Payment Uae

Mortgage Payment Calculator UAE