Mortgage Calculator Online Free
Estimate your monthly mortgage payment with principal, interest, property tax, insurance, PMI and HOA. View total loan cost and a yearly amortization breakdown instantly.
Loan Details
Mortgage Results
| Year | Principal Paid | Interest Paid | Remaining Balance | Total Paid |
|---|
How to Use the Mortgage Calculator
Estimate your home payment in three simple steps.
1. Enter home price
Add the home price, down payment, interest rate and loan term.
2. Add monthly costs
Include property tax, insurance, PMI and HOA fees if needed.
3. Review payment
See your estimated monthly payment and amortization breakdown.
Estimate your real monthly house payment.
A mortgage payment is more than principal and interest. This calculator helps you include common housing costs like taxes, insurance, PMI and HOA fees so you can better understand affordability.
You can calculate monthly payment, loan amount, principal and interest, total interest, total loan cost and a yearly amortization breakdown.
What is a mortgage calculator?
A mortgage calculator estimates your monthly home loan payment based on home price, down payment, interest rate, loan term and additional costs.
It can help you understand how different loan terms, down payments and rates change your estimated payment.
When should you use it?
- Estimating monthly home loan payments
- Comparing down payment scenarios
- Checking principal and interest cost
- Including taxes, insurance, PMI and HOA
- Reviewing amortization by year
Related Calculators
Try other free calculators from The MuffinPost.
Mortgage Calculator FAQ
Common questions about mortgage payments and home loans.
What is included in a mortgage payment?
A mortgage payment often includes principal, interest, property taxes, homeowners insurance and sometimes PMI or HOA fees.
How is principal and interest calculated?
It is calculated from the loan amount, monthly interest rate and total number of monthly payments in the loan term.
What is PMI?
PMI stands for private mortgage insurance. It may apply when the down payment is below a certain level.
Is this mortgage estimate exact?
No. This calculator provides an estimate. Actual payments can vary based on lender terms, taxes, insurance and local fees.
Can this calculator include taxes and insurance?
Yes. It can include property tax, homeowners insurance, PMI and HOA fees in the estimated monthly payment.
What is amortization?
Amortization is the process of paying down a loan over time through scheduled payments of principal and interest.
Can I copy the summary?
Yes. Click Copy Summary to copy the main mortgage results.
Does it work on mobile?
Yes. This mortgage calculator works on desktop, tablet and mobile browsers.