Our free Mortgage Calculator helps you estimate your monthly payments, total interest, and loan affordability so you can plan your home purchase or refinance with confidence. Calculate your monthly mortgage payment fast with taxes, insurance, PMI, and HOA included. Our free Mortgage Calculator shows real-time breakdowns and an amortization schedule.
Steps to Use the Mortgage Calculator
Type in the total mortgage or loan amount you plan to borrow.
Choose how long you will take to repay (e.g., 15, 20, 30 years).
Enter the annual interest rate offered by the lender.
Add property tax, insurance, or extra payments (if applicable).
Instantly see your monthly payment, total interest, and amortization breakdown.
| Loan Amount | Interest Rate | Loan Term | Estimated Monthly Payment | Total Interest Paid |
|---|---|---|---|---|
| $200,000 | 4.0% | 15 years | $1,479 | $66,288 |
| $200,000 | 4.0% | 30 years | $955 | $143,739 |
| $300,000 | 5.0% | 30 years | $1,610 | $279,767 |
Note: These figures are for illustration only. Use the calculator above for exact results tailored to your situation.
A Mortgage Calculator is a free online tool that helps you estimate your monthly home loan payments, including interest and amortization.
It provides very close estimates. However, actual payments may vary slightly depending on lender fees, taxes, or insurance.
Yes. Adding extra payments helps you see how much faster you can pay off your loan and how much interest you’ll save.
Commonly 10, 15, 20, and 30 years — but you can enter any term.
It gives you a clear picture of affordability, helps with financial planning, and makes comparing lenders easier.
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