How to use Mortgage Calculator
- 1Enter the home price, down payment, loan term, and interest rate.
- 2Add taxes, insurance, HOA, PMI, and optional extra principal payments.
- 3Review the monthly estimate, lifetime cost, and amortization schedule.
Mortgage Calculator
Calculate your monthly payments or find out how much home you can afford
Loan Details
0%50%100%
Monthly Payment
$2,646
Principal & Interest$2,129
├─ Principal$262
└─ Interest$1,867
Property Tax$417
Home Insurance$100
Loan Summary
Loan Amount
$320,000
Down Payment
$80,000
Total Interest
$446,428
Total Paid
$766,428
Interest Rate
7%
Loan Term
30 years
About the Mortgage Calculator
Estimate the full monthly cost of a home loan rather than looking only at principal and interest. Adjust the purchase price, down payment, term, rate, taxes, insurance, HOA, PMI, and extra payments, then review the amortization breakdown.
Common uses
- Compare down payments, rates, terms, and home-price scenarios.
- Estimate a more complete monthly housing budget before shopping.
- See how extra principal payments may change interest and payoff time.
Mortgage Calculator questions
Is the calculated payment a loan offer?
No. It is an educational estimate. Actual rates, taxes, insurance, fees, eligibility, and lender calculations can differ.
What is included in the monthly mortgage estimate?
You can include principal, interest, property tax, homeowners insurance, HOA dues, PMI, and an optional extra principal payment.