Mortgage Calculator

Calculate your monthly mortgage payments, total interest, and view amortization schedules. Compare different loan scenarios to make informed decisions.

$
$
%
%

Additional Monthly Costs (Optional)

$
$
$

About Mortgage Calculator

This free mortgage calculator helps you estimate monthly payments for home loans. It uses the standard amortization formula to calculate principal and interest payments, and includes optional fields for taxes, insurance, and PMI.

How to Use:

  1. Enter the home price or purchase amount
  2. Input your down payment (amount or percentage)
  3. Select the loan term (15, 20, 25, or 30 years)
  4. Enter the annual interest rate
  5. Optionally add property tax, insurance, and PMI costs
  6. Click "Calculate Mortgage" for instant results

Key Terms:

  • Principal: The original loan amount
  • Interest: The cost of borrowing money
  • PMI: Private Mortgage Insurance (required if down payment < 20%)
  • Amortization: The process of paying off debt over time

Related Financial Tools

Budget Planner

Plan your finances and mortgage payments

SEO ROI Calculator

Calculate returns on real estate marketing