Mortgage Calculator
Estimate monthly mortgage payments, view an amortization schedule, and compare extra principal payments.
What this calculator includes
- Enter a home price, down payment, interest rate, and a 10-, 15-, 20-, or 30-year loan term.
- Optionally include property taxes, homeowners insurance, monthly mortgage insurance, and HOA fees.
- Review principal and interest payments and a month-by-month amortization schedule.
- Compare extra monthly principal payments and their estimated effect on interest and payoff timing.
Planning estimates only, not a loan offer or rate quote. Enter your own rate and costs. Actual payments, mortgage insurance, escrow requirements, fees, and eligibility depend on your loan and property.
Enable JavaScript to enter your figures and calculate estimates.
Decision help
Use a mortgage calculator without mistaking it for a quote
The principal-and-interest result is only a starting point. Taxes, insurance, mortgage insurance, HOA dues, rate, term, and cash-to-close can materially change the budget.
Which inputs are estimates?
Label the rate, taxes, insurance, PMI, HOA, and home price inputs and rerun the result when verified figures change.
How does the term change total cost?
Compare monthly payment with total interest and the effect of a shorter or longer term.
What can you pay at closing?
Separate down payment from closing costs, prepaid items, reserves, and any assistance or credits.
Next step: Save the assumptions behind your estimate and request a written scenario using the same inputs.