About Our Mortgage Calculator

Our free Mortgage Calculator helps you estimate your monthly home loan payments, understand how much interest you'll pay over the life of the loan, and plan your financial future with confidence.

How This Tool Helps You

Accurate payment estimates: Calculate your principal, interest, taxes, and insurance (PITI)
Amortization schedule: See how each payment is applied to principal and interest over time
Financial planning: Understand the long-term cost of your mortgage
Comparison tool: Test different loan scenarios to find the best option
Budgeting: Determine how much home you can realistically afford

Why Use a Mortgage Calculator?

Buying a home is one of the most significant financial decisions you'll make. Our mortgage calculator helps you:

Avoid unexpected financial strain by understanding your true monthly costs
See how different down payments affect your monthly payments
Understand how interest rates impact your long-term costs
Plan for additional expenses like property taxes and insurance
Make informed decisions about loan terms (15-year vs. 30-year mortgages)

Frequently Asked Questions

How accurate is this mortgage calculator?

Our calculator provides highly accurate estimates based on standard mortgage formulas. For exact figures, consult with your lender.

What's included in the monthly payment?

The calculator includes principal, interest, property taxes, and home insurance (PITI). It does not include HOA fees or PMI.

How often should I recalculate my mortgage?

Recalculate whenever interest rates change significantly, if you're considering refinancing, or if your financial situation changes.

Is this tool really free?

Yes! Our mortgage calculator is completely free to use with no registration required.

Mortgage Calculator

Loan Details

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Amortization Schedule