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.
Estimate your full monthly housing payment
Enter the home price, down payment, rate, taxes, insurance, PMI and HOA to estimate the real monthly cost of a mortgage.
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.
Complete Mortgage Planning Workflow
Use the calculator as part of a practical home-buying decision process.
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
How This Mortgage Calculator Works
Understand the method, assumptions, privacy and limitations behind the estimate.
How We Calculate
Principal and interest use the standard fixed-rate amortization formula. Taxes, insurance, PMI and HOA are added separately.
Assumptions
The calculator assumes equal monthly payments, a fixed interest rate and monthly compounding.
Limitations
Closing costs, lender fees, prepaid items and local charges may not be included.
Privacy
All calculations run directly in your browser. Values are not uploaded by this tool.
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Mortgage Learning Center
Continue with practical guides and calculators connected to home affordability, interest and long-term financial planning.
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.
How much down payment should I make?
The right down payment depends on your savings, loan program, lender requirements and whether you want to reduce PMI or monthly payments.
Is a 15-year mortgage better than a 30-year mortgage?
A 15-year mortgage usually has higher monthly payments but lower total interest. A 30-year mortgage usually has lower monthly payments but higher lifetime interest.
What is escrow?
Escrow is an account used by some lenders to collect and pay property taxes and homeowners insurance.
Should I include HOA fees?
Yes, when the property has a homeowners association or condo fee.
What happens if I make extra mortgage payments?
Extra principal payments may reduce total interest and shorten the loan term.
Can I pay off a mortgage early?
Many mortgages allow early payoff, but review the loan agreement for prepayment rules.
Can I use this for FHA or VA loans?
You can estimate the base payment, but program-specific insurance or funding fees may require adjustments.
Can I use this for a conventional mortgage?
Yes. The calculator is well suited to fixed-rate conventional mortgage estimates.
Is homeowners insurance required?
Lenders generally require homeowners insurance while a mortgage is active.
Why can my mortgage payment change over time?
Taxes, insurance premiums, escrow adjustments and HOA fees can change.
Should I refinance my mortgage?
Refinancing may help when savings justify the new closing costs and fees.
Can I compare two mortgage options?
Yes. Change the price, down payment, rate or term and compare the updated results.
Estimate your mortgage with more confidence
Calculate the monthly payment, review the amortization schedule and compare home-buying scenarios.
Calculate Mortgage Now