Mortgage Calculator

Calculate monthly mortgage payments, compare loan options, and plan your home purchase

✓ Monthly payments ✓ Amortization schedule ✓ Total cost analysis

Mortgage Calculator

Loan Details

Or 20% of home price

Additional Costs

Private Mortgage Insurance (if down payment < 20%)

Extra Payments (Optional)



About Mortgages

Calculate monthly mortgage payments including principal, interest, taxes, and insurance

Monthly Payment Formula:

PMT = P × [r(1+r)^n] / [(1+r)^n - 1]

Home Buying Tips

20% Down: Avoid PMI with 20% down payment
Shop Rates: Compare lenders for best rates
Credit Score: Higher score = lower rates
Pre-approval: Get pre-approved before shopping
Total Costs: Consider taxes, insurance, maintenance
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Mortgage Calculator

Buying a home is thrilling, but the numbers can feel like a maze. A mortgage calculator is your built-in compass—it translates price tags, rates, and terms into a clear monthly payment so you can plan with confidence. Rather than guessing, you’ll know what fits your budget today and long term.


How to Use

  1. Enter the home price and down payment amount
  2. Select your loan term (15, 20, 25, or 30 years)
  3. Input the interest rate offered by your lender
  4. Add property taxes and insurance costs
  5. Include PMI if your down payment is less than 20%
  6. Review your monthly payment and total costs

Mortgage Types

Fixed-Rate Mortgage

Interest rate stays the same for the entire loan term.

Adjustable-Rate Mortgage (ARM)

Interest rate can change periodically based on market conditions.

FHA Loan

Government-backed loan with lower down payment requirements.