Calculate your monthly mortgage payments with detailed amortization schedule
A mortgage calculator is a tool that helps you estimate your monthly mortgage payments based on loan amount, interest rate, loan term, and additional costs like taxes and insurance.
Enter the home price, down payment, interest rate, loan term, and optional costs like property tax, insurance, and PMI. Click Calculate to see your monthly payment breakdown and amortization schedule.
PMI (Private Mortgage Insurance) is typically required if your down payment is less than 20% of the home price. It protects the lender in case you default on the loan and usually costs 0.5-2% of the loan amount annually.
An amortization schedule shows each payment over the life of your loan, breaking down how much goes toward principal and interest. It helps you see how your loan balance decreases over time.
Mortgage calculator estimates are accurate for standard fixed-rate mortgages. However, actual payments may vary due to factors like rate changes, additional fees, or changes in property taxes and insurance.
Yes, our mortgage calculator is completely free to use with no registration required. Calculate unlimited scenarios to help you plan your home purchase.