Buying a home is the largest loan most people ever take, and small differences in rate or term translate into tens of thousands over the life of the mortgage. This mortgage calculator estimates your monthly principal-and-interest payment from the loan amount (home price minus down payment), the annual interest rate, and the loan term, typically 15 or 30 years. It also reveals the total interest paid across the full term, which is the figure that really separates a good deal from an expensive one. Use it to test how a larger down payment, a lower rate, or a shorter term changes both your monthly commitment and the lifetime cost. Note that lenders also bundle property taxes, homeowners insurance, and sometimes PMI into the monthly escrow, so your actual payment may be higher than principal and interest alone. Everything is calculated in your browser and kept private.
Estimate monthly mortgage payments including principal, interest, taxes, insurance, PMI, and HOA.
Estimates use fixed-rate amortization. Taxes, insurance, PMI, and HOA are simplified flat monthly amounts and may differ from actual escrow statements.
