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Mortgage Calculator
Calculate monthly mortgage payments with principal, interest, taxes, and insurance. Compare loan terms and see amortization.
Monthly Payment
Loan Amount
Total Interest
Total of All Payments
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ℹ️ About Mortgage Calculator
Calculate monthly mortgage payments and total costs. Include property taxes, insurance, and PMI. Create amortization schedules to see how your loan pays down over time.
💡 Use Cases
Planning home purchases
Comparing mortgage options
Budgeting for monthly payments
Understanding total home costs
Refinancing analysis
📋 How to Use
1
Enter the home price
2
Set down payment amount
3
Enter interest rate
4
View monthly payment and breakdown
💎 Pro Tips
- 20% down avoids PMI (private mortgage insurance)
- Include taxes and insurance for true monthly cost
- Shorter terms save significant interest
❓ Frequently Asked Questions
Private Mortgage Insurance - required with less than 20% down. Adds to monthly payment.
15-year has higher payments but much less total interest paid.
Maintenance, HOA fees, utilities, and closing costs are separate.