Mortgage Calculator
Calculate mortgage payments and interest rates
How to use this tool
Calculate mortgage payments, interest costs, and amortization schedules. Plan home purchases with detailed payment breakdowns.
Loan Details
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$
%
Additional Costs (Annual)
$
$
$
Required if down payment < 20%
$
Ready to Calculate
Fill in the loan details and click "Calculate Mortgage" to see your results
Monthly Payment Breakdown
Total Monthly Payment
Loan Payment
Principal & Interest:
Additional Costs
Property Tax:
Home Insurance:
PMI:
HOA Fees:
Total Interest
Total Cost
Loan to Value
Amortization Schedule (Year-End Summary)
| Year | Monthly Payment | Interest Paid | Principal Paid | Balance |
|---|---|---|---|---|
Mortgage Tips
- • Down Payment: 20% down avoids PMI costs
- • Extra Payments: Pay extra toward principal to save interest
- • Rate Shopping: Compare rates from multiple lenders
- • Points: Consider buying points if staying long-term
- • ARM vs Fixed: Fixed rates provide payment stability