Online Mortgage Calculator A financial tool to help you plan and understand home mortgage loans. By entering the loan amount, term, and interest rate, you can clearly compare the differences between the two main repayment methods, providing data support for your financial decisions.

Detailed Explanation of Two Repayment Methods：

• Equal Principal and Interest (Equal Principal and Interest): This is the most common repayment method. Its main feature is a **fixed monthly payment**, making it easy to remember and plan for financially. In the early stages of repayment, interest makes up a higher portion of the monthly payment, while the principal is lower. Over time, the interest portion gradually decreases, and the principal portion increases. The total interest paid is typically higher than with the equal principal method.
• Equal Principal (Equal Principal): This method divides the loan principal evenly over each month, while also paying the interest generated on the remaining principal for that month. Its main feature is that the **monthly payment decreases over time**. The pressure is greater in the early stages of repayment, but the total interest paid is relatively lower, saving on overall interest expenses.