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Mortgage Calculator

Calculate your monthly mortgage payment, see total interest costs, and view a complete amortization schedule. Includes property tax, home insurance, and PMI estimates.

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Monthly Payment
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Total of Payments
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Total Interest

Loan Details

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$
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Taxes, Insurance & PMI

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Only applies if down payment < 20%
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Payment Breakdown

Principal & Interest Tax & Insurance PMI + HOA
Principal & Interest
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Property Tax
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Home Insurance
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PMI
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HOA
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Down Payment
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Loan Amount
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Total Interest
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Loan Balance Over Time

Amortization Schedule

About this Calculator

A mortgage calculator helps you estimate your monthly home loan payments based on the loan amount, interest rate, and loan term. It also factors in property taxes, home insurance, and PMI (Private Mortgage Insurance) to give you a realistic picture of your total housing costs. Use it to compare different loan scenarios, see how extra payments affect your payoff timeline, and determine how much house you can truly afford.

Privacy Note: All calculations are performed locally in your browser. No data is ever sent to a server or third party.

Mortgage Calculator FAQ

What is a mortgage?
A mortgage is a loan used to purchase property, repaid through monthly installments of principal and interest over a fixed term (typically 15 or 30 years).
How is my monthly payment calculated?
Your monthly payment is determined by the loan amount, interest rate, and loan term using the amortization formula, which allocates each payment between principal repayment and interest.
What is the difference between fixed-rate and adjustable-rate mortgages?
A fixed-rate mortgage maintains the same interest rate for the entire loan term. An adjustable-rate mortgage (ARM) may change periodically after an initial fixed-rate period, affecting future payments.
Should I pay discount points?
Paying discount points upfront can lower your interest rate, potentially saving money over the life of the loan — but only if you keep the loan long enough to recoup the upfront cost.