Principal is the amount you borrowed, and interest is the amount you pay to the lender as a charge for borrowing. To ...

Mortgage rates hit a historic low for the first time in three years last week, but the rate has since moved up given bond ...

The easiest way to crunch the number is by using a mortgage calculator. A mortgage calculator works out repayment costs ...

Recasting lowers your monthly payment, but it doesn't shorten your mortgage or maximize interest savings. Making an extra principal payment won't lower your monthly payment but can reduce the total ...

There are a number of different factors to consider ...

EMI calculator to estimate monthly outflows instantly. Get a detailed breakdown of interest, principal, and total repayment ...