A mortgage calculator is essential for anyone planning to purchase a home or explore refinancing options. It helps you estimate your monthly mortgage payments by inputting key details such as the loan amount, interest rate, and loan term. With advanced options, you can also factor in property taxes, insurance, and strata fees to get a more accurate picture of your monthly costs. Whether budgeting for your first home or comparing financing scenarios, a mortgage calculator empowers you to make informed decisions and better plan for one of life's most significant investments.