Free mortgage calculator. Estimate your monthly payment, total interest and total cost for any home price, down payment, rate and term.
Free mortgage calculator. Estimate your monthly payment, total interest and total cost for any home price, down payment, rate and term.
The monthly payment shown covers principal and interest only. Real mortgage payments almost always also include property taxes, homeowners insurance, HOA fees and (when required) PMI — often adding hundreds per month. The calculation also assumes a fixed interest rate for the full term; adjustable-rate mortgages can change your payment over time.
This tool provides an educational estimate and is not financial advice. Speak with a lender or mortgage professional for a formal pre-approval and a complete breakdown of costs.
Everything runs entirely in your browser. Nothing you type is ever sent to any server or stored.
With the standard amortization formula: principal x monthly rate x (1+rate)^n / ((1+rate)^n - 1), where n is the number of monthly payments.
It is the difference between what you borrow and what you pay back over the full term — often more than the loan itself at high rates.
No — it estimates principal and interest only. Property taxes, insurance and fees vary by location.
20% avoids private mortgage insurance in many places, but lower down payments are common. The tool shows your down payment percentage.
Yes — change the term (15, 20, 30 years) and rate to see how monthly payments and total interest change.
Yes — everything runs in your browser. Nothing is sent or stored.
No — it is an educational estimate. Confirm all numbers with a lender or mortgage professional.