Mortgage Calculator
Calculate your monthly mortgage payment, including principal, interest, property taxes, and insurance.
Input Values
Results
Monthly Payment
$0
Principal & Interest
-$300
Taxes & Insurance
$300
Loan Summary
About Mortgage Calculators
Mortgage calculators help you determine how much your monthly home loan payments will be based on the loan amount, interest rate, loan term, and other factors like property taxes and home insurance.
This calculator provides an estimate of your monthly payment and the total cost of your mortgage over time. It also breaks down the principal, interest, taxes, and insurance components of your payment.
Keep in mind that this is an estimate and your actual payment may differ. Additional costs like HOA fees, mortgage insurance, or closing costs are not included in this calculation.
Consider the Down Payment
A larger down payment reduces your loan amount and monthly payments. Aim for at least 20% to avoid private mortgage insurance (PMI).
Understand Loan Terms
Shorter loan terms typically have higher monthly payments but lower total interest costs over the life of the loan.
Shop for Rates
Even a small difference in interest rates can save you thousands over the life of your loan. Compare offers from multiple lenders.
Ready to Take the Next Step?
Use this calculator to plan your home purchase. For more personalized advice, consider consulting with a mortgage professional or financial advisor.