Yes, as long as you add all the necessary variables such as down payment, interest rate, principal, and the correct accurate period. Remember that on many mortgage loans you may have a mixed interest agreement. That is, combine fixed interest rates and variable interest rates.

It's simple. The fixed interest rate is agreed before signing the mortgage and does not change for the duration of the mortgage. This interest rate is perfect for clients who are looking for stability and peace of mind because the repayments are not affected by any external factors, such as inflation. A variable interest rate is one that increases in times of financial abundance where mortgages are in high demand. However, in times of market stagnation it will lower your interest rate, reducing monthly payments.

There may be other expenses associated with your mortgage. That is, HOA dues, home taxes, home insurance, mortgage insurance... Some of these expenses are annual, but it is advisable to include them within your calculations to estimate monthly expenses.