Mortgage Calculator – Estimate Monthly Payments & Amortization
Use this free mortgage calculator to estimate monthly mortgage payments, view payment breakdowns, analyze amortization, and test extra payment scenarios.
Mortgage Calculator
Enter your home price, down payment, loan term, and mortgage details to get instant results.
Smarter than basic calculators
Mortgage Calculator Pro
Estimate your monthly payment, see your amortization path, and test what-if scenarios like rate hikes or extra payments in seconds.
Monthly payment breakdown
Based on your inputs, including taxes and insurance.
Amortization details
How your principal and interest change over time.
How to Use
- Enter your home price.
- Enter your down payment as either a dollar amount or percentage.
- Select your loan term and interest rate.
- Adjust taxes, insurance, HOA, and PMI if needed.
- Click Update to see your payment breakdown and amortization results.
How This Calculator Works
This mortgage calculator uses the standard amortization formula to estimate monthly principal and interest payments. It also includes optional costs like property tax, homeowners insurance, HOA fees, and PMI for a more realistic monthly estimate.
Frequently Asked Questions
What is a mortgage calculator?
A mortgage calculator helps estimate your monthly home loan payment based on loan amount, rate, and term.
Does this calculator include taxes and insurance?
Yes, you can include property taxes, insurance, HOA fees, and PMI to get a fuller monthly payment estimate.
Can I test extra payments?
Yes, you can add extra monthly, yearly, or one-time payments to see how they may reduce total interest and shorten the loan term.