Mortgage Calculator

Calculate your monthly mortgage payment, total interest, and amortization schedule. Plan your home purchase with confidence.

Mortgage Details

Enter your loan information to calculate payments

Home Price ($)

Down Payment ($)

Interest Rate (%)

Loan Term (Years)

Annual Property Tax ($)

Annual Home Insurance ($)

Annual PMI ($)

Extra Monthly Payment ($)

How to Use the Mortgage Calculator

Enter Home Price: The total cost of the property you're purchasing
Set Down Payment: The amount you're paying upfront (typically 5-20%)
Interest Rate: The annual interest rate for your mortgage
Loan Term: The length of your mortgage (typically 15 or 30 years)
Additional Costs: Include property tax, insurance, and PMI if applicable
Extra Payments: See how additional payments can save you money and time

Why Use a Mortgage Calculator?

Budget Planning: Determine how much house you can afford
Payment Planning: See your exact monthly mortgage payment
Interest Analysis: Understand the total cost of your loan
Extra Payment Strategy: Plan how additional payments can save money
Loan Comparison: Compare different mortgage terms and rates