My SavingsChallenge

    Mortgage Calculator

    Calculate your monthly mortgage payment with our free mortgage calculator. Get a detailed breakdown of principal, interest, taxes, insurance, and see your complete amortization schedule.

    5M+calculations performed
    100% Freeno signup required
    Instant Resultsreal-time calculations
    Privacy Firstyour data stays on your device

    Mortgage Calculator

    Calculate your monthly mortgage payment and see the full breakdown

    $
    %
    $
    %

    How Does a Mortgage Calculator Work?

    A mortgage calculator uses your loan details to calculate your monthly payment. It considers your home price, down payment, interest rate, and loan term to determine how much you'll pay each month.

    • Enter your home price and down payment to calculate loan amount
    • Add your interest rate to see monthly principal and interest
    • Include property taxes, insurance, and PMI for total monthly cost
    • View complete amortization schedule showing payment breakdown over time
    • Calculate savings from extra payments

    Mortgage Calculator Tips

    • 1Aim for a 20% down payment to avoid PMI and get better rates
    • 2Compare different loan terms (15-year vs 30-year) to see total interest savings
    • 3Include all costs (taxes, insurance, HOA) for accurate monthly payment
    • 4Use the amortization schedule to see how payments are applied
    • 5Calculate the impact of extra payments to pay off your mortgage faster
    • 6Get pre-approved before house hunting to know your budget
    • 7Consider total monthly payment, not just principal and interest

    Frequently Asked Questions

    People Also Ask

    Common mortgage questions answered

    Related Calculators

    Mortgage Affordability Calculator

    Calculate how much house you can afford based on your income, debts, and down payment. Free mortgage affordability calculator using the 28/36 rule.

    Calculate

    VA Mortgage Calculator

    Calculate your VA loan payment with 0% down. Free VA mortgage calculator includes VA funding fee. Estimate monthly payments for veterans and active military.

    Calculate

    FHA Mortgage Calculator

    Calculate your FHA loan payment with as little as 3.5% down. Free FHA mortgage calculator includes MIP. Perfect for first-time homebuyers.

    Calculate

    15-Year Mortgage Calculator

    Calculate your 15-year mortgage payment and see how much you can save. Compare 15-year vs 30-year mortgage rates and total interest. Free calculator.

    Calculate

    Ready to Take the Next Step?

    Use our calculator to understand your mortgage options, then compare rates from multiple lenders to find the best deal. Knowledge is power when it comes to home financing.

    Updated Daily

    Current Rates

    All Loan Types

    15 Calculators

    Trusted By

    1M+ Users