Mortgage calculator
Try our free mortgage calculator.
Loan Amount
Monthly Payment
0.0
Summary
Total Interest Paid: $0.00
Total Payment: $0.00
How does a mortgage calculator help me?
A mortgage calculator helps you by giving a clearer picture of how much a home loan will actually cost you—both monthly and over the life of the loan. Here's how it helps specifically:
Budgeting
It shows your estimated monthly payment, helping you understand what you can afford before house hunting.
Comparing loan
You can change interest rates, loan terms, and down payments to compare different scenarios and lenders.
Planning ahead
It lets you see how much interest you'll pay over time, and how making extra payments could save you money.
Impact of down payment
You can see how different down payment amounts affect your loan size, monthly payment, and need for private mortgage insurance (PMI).
Avoid Surprises
By including property taxes, homeowners insurance, and PMI (if applicable), it gives a more complete view of your total monthly housing cost—not just principal and interest.