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Mortgage Calculator

Calculate your monthly payment, total interest paid, and full amortization schedule in seconds.

Loan Details
$
$50K$2M
$
$0$500K
%
1%15%
years
5 yr30 yr
$
$
Your Results
$0
Monthly Payment (total)
$0
Principal & Interest
$0
Tax & Insurance
$0
Total Interest Paid
$0
Total Cost of Loan
$0
Loan Amount
0%
Down Payment %
Principal
Interest
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Amortization Schedule
YearPrincipalInterestBalance
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How to use the mortgage calculator

1

Enter your details

Input your home price, down payment, interest rate, and loan term. Use the sliders for quick adjustments.

2

See your payment

Your monthly payment, total interest, and full loan cost update instantly as you adjust any value.

3

Review amortization

The year-by-year amortization schedule shows exactly how much of each payment goes to principal vs interest.

Frequently asked questions

What is included in the monthly payment?
The total monthly payment includes principal and interest on the loan, plus your monthly property tax and homeowners insurance estimates. This gives you a realistic picture of your true monthly housing cost.
How does the down payment affect my mortgage?
A larger down payment reduces your loan amount, which lowers your monthly payment and total interest paid. Putting down 20% or more also eliminates the need for private mortgage insurance (PMI).
What is an amortization schedule?
An amortization schedule shows how each payment is split between paying down principal and paying interest over the life of the loan. In the early years, most of your payment goes to interest. Over time, more goes to principal.
Is this calculator free?
Yes — completely free with no account or signup required.