Mortgage Calculator
Use this free mortgage calculator to estimate your monthly mortgage payment, total payment, and total interest based on home price, down payment, loan term, and interest rate.
Frequently Asked Questions
What is a mortgage calculator?
A mortgage calculator is a tool that estimates your monthly home loan payment based on the home price, down payment, loan term, and interest rate.
How do I calculate my monthly mortgage payment?
Enter your home price, down payment, loan term, and annual interest rate. The calculator will estimate your monthly mortgage payment automatically.
Does this mortgage calculator include taxes and insurance?
No. This version calculates principal and interest only. Property taxes, homeowners insurance, and HOA fees are not included.
What is the loan amount in a mortgage?
The loan amount is the home price minus the down payment. This is the amount you borrow from the lender.
Is this mortgage calculator free?
Yes. This online mortgage calculator is free to use on desktop and mobile devices.