Mortgage Calc
Monthly Payment Estimator
Financial Insight
This calculation shows the **Principal & Interest** only. Taxes and insurance are not included. The chart displays the total interest paid over the life of the loan.
Enter loan details to see your monthly payment breakdown
How Does a Mortgage Calculator Work?
Our Mortgage Calculator is designed to help you estimate your monthly home loan payments quickly and accurately. By entering the home price, down payment, interest rate, and loan term, you can see a clear breakdown of your financial commitment.
Understanding your monthly payment is the first step toward homeownership. This tool calculates the Principal and Interest components of your loan, giving you a baseline for what you can afford. It helps you compare different loan scenarios, such as the difference between a 15-year and a 30-year fixed-rate mortgage.
Whether you are a first-time homebuyer exploring the market or a homeowner looking to refinance, this calculator provides a transparent view of how interest rates and down payments impact your long-term costs.
Key benefits of using this calculator
- Instant monthly payment estimation
- Visualize the impact of different interest rates
- Calculate total interest paid over the life of the loan
- Determine how your down payment affects monthly costs
- Compare 15-year vs. 30-year mortgage terms
Note: This calculation includes principal and interest only. Actual monthly payments often include property taxes, homeowners insurance, and potentially private mortgage insurance (PMI).
Quick Guide
- 1. Enter your base values in the fields above.
- 2. Adjust interest rates or terms to see live changes.
- 3. Review the charts to visualize your growth.
Results are estimates based on standard financial algorithms.
Common Questions
Everything you need to know about this calculator and the math behind it.
Related Tools
Compare different scenarios with these related calculators.
Loan Affordability Calculator
Estimate how much loan you can realistically afford based on your income and debts.
Launch Tool