Mortgage Calculator
Estimate your monthly mortgage payment before you talk to a lender. Adjust the price, down payment, rate and term and see the numbers change instantly.
How it works
- 1
Enter price and down payment
The loan amount is the price minus what you put down.
- 2
Set rate and term
Annual interest rate and the number of years, usually 15 or 30.
- 3
Compare scenarios
Change any value to see the monthly payment and total interest update.
Related tools
Other tools people use right after this one.
Built to get out of your way
487
Tools available
6
Languages
0
Watermarks added
2h
Until your files are erased
100%
Free to start
∞
Devices supported
Frequently asked questions
No. It shows principal and interest. Add property tax and insurance to estimate the full monthly cost.
How a mortgage payment is calculated
Fixed-rate mortgages use an amortisation formula: every monthly payment is the same, but in the early years most of it pays interest and only a small part reduces the balance. Over time the split reverses.
Small changes have a big effect over 30 years. A lower rate, a larger down payment or a shorter term can cut tens of thousands from the total interest, which the calculator shows alongside the monthly payment.
The estimate covers principal and interest only. Property tax, insurance, HOA fees and mortgage insurance vary by location and lender, so the real monthly cost will be higher. This is not financial advice.