Free Global Mortgage Calculator — Compare Real Bank Rates (2026)
Compare monthly mortgage payments from 30 real banks across 10 countries. Pick your country, enter the property value and deposit, and instantly see which lender gives you the lowest payment — with rates sourced from official bank websites.
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How this mortgage calculator works
A mortgage is the largest financial commitment most people ever make, so even a small difference in interest rate matters enormously. On a $300,000 loan over 25 years, a rate just 0.5% lower can save you tens of thousands over the life of the loan. This calculator makes that comparison instant: it takes your property value, your down payment and your term, then computes the true monthly payment for each major bank in your country using their real published rates.
Behind the scenes it uses the standard amortization formula that every bank in the world applies:
M = P · [ r(1+r)n ] / [ (1+r)n − 1 ] where P = loan amount (property value − down payment), r = monthly interest rate (annual rate ÷ 12), and n = number of monthly payments (years × 12).
How to get the best mortgage rate
Increase your deposit. A bigger down payment lowers your LTV, which usually unlocks a better rate tier.
Improve your credit profile. Clear small debts and avoid new credit applications in the months before you apply.
Compare more than one lender. The gap between the cheapest and most expensive bank in the same country is often 0.3–0.5%.
Consider the fixed vs variable trade-off. Lock a fixed rate if you value certainty; choose variable if you expect rates to fall and can absorb risk.
Watch the fees, not just the rate. Arrangement fees, valuation fees and early-repayment charges all affect the true cost.
Mortgage rates by country (2026)
Rates vary dramatically by country because they track each central bank's base rate. Japan offers the world's lowest mortgage rates (around 1.7%) thanks to near-zero monetary policy, while Romania sits highest (above 8%) due to elevated inflation. Most of the Eurozone falls between 3.3% and 4.2%, the UK around 4.7%, and the USA near 6.8%. Select your country above to see the live comparison.
Frequently asked questions
Using the amortization formula above — your loan amount, the monthly rate (annual ÷ 12) and the number of payments (years × 12). Our calculator applies it to each bank's real rate so you can compare like-for-like.
The ratio of your loan to the property value. A 20% deposit means 80% LTV. Lower LTV usually earns better rates; most lenders cap lending at 90–95% LTV.
Fixed gives payment certainty for a set period; variable starts lower but can rise or fall with the central bank rate. Choose based on your appetite for risk and your view on where rates are heading.
Yes — researched from official bank websites and central bank data, updated monthly. Always confirm the current binding rate with the bank before committing.