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Mortgage Calculator

Use this mortgage calculator to estimate your monthly mortgage payment from your loan amount, interest rate, and loan term. It also shows the total interest and total paid over the full term.

How to use: enter Home Price, Down Payment, Rate, Term ? click Calculate
Tip: If interest rate is 0%, payment = loan ÷ months
Total purchase price of the home.
Amount you pay upfront (subtracted from home price).
Annual percentage rate (APR), e.g., 6.5.
Common terms: 15 or 30 years.
Optional. Annual property tax amount.
Optional. Annual homeowner insurance amount.
Optional. Private mortgage insurance (if applicable).
Optional. Monthly HOA / maintenance fees.

Results

Loan Amount: —
Principal & Interest (Monthly): —
Other Costs (Monthly): —
Total Monthly Payment: —
Total Interest: —
Total Paid (P&I only): —

Amortization Schedule

Month-by-month breakdown of payment, interest, principal, and remaining balance.
Month Payment (P&I) Principal Interest Balance
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About This Calculator

The Mortgage Calculator computes your monthly home loan payment including principal, interest, taxes, and insurance (PITI). It helps you understand the true cost of homeownership and plan your budget.

How to Use

  1. Enter the Home Price and Down Payment
  2. Enter the Interest Rate and Loan Term
  3. Optionally add Property Tax and Insurance estimates
  4. Click Calculate to see your monthly payment breakdown

Practical Use Cases

  • Home Buying: Determine affordable home prices
  • Refinancing: Compare current vs. new mortgage terms
  • Budgeting: Plan monthly housing expenses
  • Down Payment Planning: See how down payment affects payments
  • Loan Comparison: Compare 15-year vs. 30-year mortgages

? Frequently Asked Questions

How accurate is this

This calculator uses standard formulas and provides accurate results for typical use cases. For professional or critical applications, always verify results with certified professionals or official sources.

Is this calculator free to use?

Yes, this Financial Mortgage Calculator is completely free to use with no registration required. You can use it as many times as needed without any limitations.

Can I use this on mobile devices?

Absolutely! This calculator is fully responsive and works perfectly on smartphones, tablets, and desktop computers.

How do I interpret the results?

The results are displayed clearly with appropriate units. Refer to the "About This Calculator" section for detailed information.