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Mortgage Calculator
Calculate monthly mortgage payments with principal, interest, taxes, and insurance. Compare loan terms and see amortization.
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PMI (Down Payment < 20%)
Monthly Payment
Payment Breakdown
Principal & Interest
Property Tax
Home Insurance
PMI
Loan Amount
Down Payment
Total Interest
Total Payment
Principal
Principal
Interest
Loan Amount
Monthly Payment
Total Interest
Loan Term
| Year | Principal | Interest | Balance |
|---|---|---|---|
Principal vs Interest per year
Principal
Interest
Compare Terms — Loan Amount: @
Selected
Monthly Payment
Total Interest
Total Payment
💰 Savings
Total Interest Comparison
🔥 Popular Tools
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.