Basic Loan Information
Additional Monthly Costs
Professional Mortgage Calculator & Home Loan Estimator
Our comprehensive mortgage calculator helps you estimate monthly payments, view detailed amortization schedules, and analyze your home loan including PMI, property tax, and insurance costs. Whether you're a first-time homebuyer or looking to refinance, get accurate calculations to make informed financial decisions.
Accurate Calculations
Precise monthly payment estimates with all costs included
Visual Analytics
Interactive charts and detailed payment breakdowns
Amortization Schedule
Complete payment timeline with principal vs interest
Loan Analysis & Visualizations
Charts to help you understand your mortgage payments and loan progress
Payment Schedule
Complete payment schedule including all costs, principal and interest
| Payment # | Date | P&I | Tax | Insurance | PMI | HOA | Total Payment | Principal | Interest | Balance |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | 10/10/2025 | $2,528 | $500 | $100 | $0 | $0 | $3,128 | $362 | $2,167 | $399,638 |
| 2 | 11/10/2025 | $2,528 | $500 | $100 | $0 | $0 | $3,128 | $364 | $2,165 | $399,275 |
| 3 | 12/10/2025 | $2,528 | $500 | $100 | $0 | $0 | $3,128 | $366 | $2,163 | $398,909 |
| 4 | 1/10/2026 | $2,528 | $500 | $100 | $0 | $0 | $3,128 | $368 | $2,161 | $398,542 |
| 5 | 2/10/2026 | $2,528 | $500 | $100 | $0 | $0 | $3,128 | $370 | $2,159 | $398,172 |
| 6 | 3/10/2026 | $2,528 | $500 | $100 | $0 | $0 | $3,128 | $372 | $2,157 | $397,801 |
| 7 | 4/10/2026 | $2,528 | $500 | $100 | $0 | $0 | $3,128 | $374 | $2,155 | $397,427 |
| 8 | 5/10/2026 | $2,528 | $500 | $100 | $0 | $0 | $3,128 | $376 | $2,153 | $397,052 |
| 9 | 6/10/2026 | $2,528 | $500 | $100 | $0 | $0 | $3,128 | $378 | $2,151 | $396,674 |
| 10 | 7/10/2026 | $2,528 | $500 | $100 | $0 | $0 | $3,128 | $380 | $2,149 | $396,295 |
| 11 | 8/10/2026 | $2,528 | $500 | $100 | $0 | $0 | $3,128 | $382 | $2,147 | $395,913 |
| 12 | 9/10/2026 | $2,528 | $500 | $100 | $0 | $0 | $3,128 | $384 | $2,145 | $395,529 |
Amortization Schedule
Breakdown of each payment showing principal vs interest over time
| Payment # | Date | Payment | Principal | Interest | Balance | Total Interest |
|---|---|---|---|---|---|---|
| 1 | 10/10/2025 | $2,528 | $362 | $2,167 | $399,638 | $2,167 |
| 2 | 11/10/2025 | $2,528 | $364 | $2,165 | $399,275 | $4,331 |
| 3 | 12/10/2025 | $2,528 | $366 | $2,163 | $398,909 | $6,494 |
| 4 | 1/10/2026 | $2,528 | $368 | $2,161 | $398,542 | $8,655 |
| 5 | 2/10/2026 | $2,528 | $370 | $2,159 | $398,172 | $10,814 |
| 6 | 3/10/2026 | $2,528 | $372 | $2,157 | $397,801 | $12,970 |
| 7 | 4/10/2026 | $2,528 | $374 | $2,155 | $397,427 | $15,125 |
| 8 | 5/10/2026 | $2,528 | $376 | $2,153 | $397,052 | $17,278 |
| 9 | 6/10/2026 | $2,528 | $378 | $2,151 | $396,674 | $19,429 |
| 10 | 7/10/2026 | $2,528 | $380 | $2,149 | $396,295 | $21,577 |
| 11 | 8/10/2026 | $2,528 | $382 | $2,147 | $395,913 | $23,724 |
| 12 | 9/10/2026 | $2,528 | $384 | $2,145 | $395,529 | $25,868 |
About Free Mortgage Calculator
Your Financial Journey Starts Here
Take control of your home buying process with our comprehensive mortgage calculator
Smart Financial Planning
Buying a home is one of the biggest financial decisions you'll ever make. Before you apply for a loan or talk to a lender, it's important to understand what your monthly mortgage payments might look like.
Instant Calculations
With just a few quick inputs — loan amount, interest rate, and loan term — you can instantly estimate your monthly payments. Whether you're a first-time buyer, planning to refinance, or simply exploring your options.
What Is a Mortgage Calculator?
A powerful tool that simplifies complex mortgage calculations
Instant Payment Estimates
A mortgage calculator is an online tool that estimates your monthly home loan payment. By combining key details — the loan amount, interest rate, and repayment period — the calculator gives you a quick snapshot of what your mortgage might cost each month.
Smart Comparison Tool
Instead of running complicated math by hand, you can use our mortgage calculator to understand how different loan scenarios impact your finances. This makes it easier to compare options and choose the right mortgage for your situation.
How to Use Our Mortgage Calculator
Simple steps to get accurate mortgage calculations in minutes
Enter Basic Information
Step 1Home value, down payment, loan amount, interest rate, and loan term (15-50 years)
Select Loan Type
Step 2Choose from Standard, FHA, VA, or USDA loans for purchase or refinance
Add Additional Costs
Step 3Include property taxes, home insurance, PMI, and HOA fees for accurate estimates
Set Start Date
Step 4Choose when your mortgage payments will begin for accurate amortization
View Results
Step 5See your monthly payment breakdown, amortization schedule, and payment charts
Compare Scenarios
Step 6Adjust any values to see how changes affect your payments and total interest
The calculator automatically updates as you type, showing real-time results. Use the interactive charts to visualize your payment schedule and understand how much goes toward principal vs. interest over time. Hover over any field for detailed explanations and tips.
Benefits of Using a Mortgage Calculator
Key advantages of our comprehensive mortgage calculator
Budget Planning
EssentialKnow how much house you can afford before shopping
Loan Comparison
SmartSee how different interest rates or loan terms affect payments
Time Savings
FastQuickly evaluate scenarios without needing spreadsheets
Financial Awareness
KeyAvoid surprises by accounting for principal and interest
Factors That Affect Your Mortgage Payment
Understanding all the components that make up your total monthly payment
Principal & Interest
The main components of your loan repayment that make up the core mortgage payment
Property Taxes
Annual local taxes, often included in monthly escrow payments
Homeowner's Insurance
Protects your property; usually required by lenders
Private Mortgage Insurance
Required if your down payment is less than 20%
HOA Fees
Costs for properties within homeowners associations
Additional Costs
Consider all expenses for a complete financial picture
Our calculator focuses on the principal and interest portion, but remember to consider these additional expenses for a complete financial picture.
Mortgage Calculator for Different Scenarios
Use our calculator for various home buying and investment situations
First-Time Buyers
NewIf you're buying your first home, a mortgage calculator helps you determine affordability. Test how much difference a larger down payment makes in reducing monthly payments.
Refinancing
SaveAlready own a home? Use the calculator to compare your current loan with refinancing options. A lower interest rate or shorter term could save you thousands over time.
Investment Properties
InvestInvestors can use the calculator to evaluate rental properties. By estimating the mortgage payment, you can decide whether projected rental income will cover the loan and other expenses.
Frequently Asked Questions
Common questions about our mortgage calculator
What is a mortgage calculator?
A mortgage calculator is an online tool that estimates your monthly loan payments based on loan amount, interest rate, and loan term.
How accurate is a mortgage calculator?
Mortgage calculators provide reliable estimates, but actual payments may vary depending on lender fees, taxes, and insurance.
Can I use a mortgage calculator for refinancing?
Yes. By entering your new loan details, you can compare current and refinanced payments.
Does the calculator include taxes and insurance?
Most calculators focus on principal and interest. You should add estimated taxes and insurance to get a complete view.
Why should I use a mortgage calculator before buying a home?
It helps you understand affordability, plan your budget, and prepare for conversations with lenders.
Take Control of Your Financial Future
Empower yourself with the right tools and knowledge for smart financial decisions
Smart Financial Planning
A mortgage is likely the biggest financial commitment you'll ever make — but it doesn't have to be overwhelming. Our free mortgage calculator gives you the tools to estimate payments, compare loan options, and plan ahead with confidence.
Explore Different Scenarios
Try entering different scenarios today, and see how small changes in rate, term, or loan amount can make a big difference. Whether you're buying your first home, refinancing, or investing, having clear numbers puts you in control.