Mortgage Calculator
Loan Information
Additional Costs
Advanced Options
About About Mortgage Calculator
Our comprehensive mortgage calculator helps you understand the true cost of homeownership by calculating monthly payments, total interest, and providing detailed payment schedules. Compare different scenarios to make informed decisions about your home purchase.
Results
Change values on the left to calculate your own results
Monthly Payment
Total Monthly Payment (PITI + HOA)
Monthly Payment Breakdown
Loan Summary
Payment Schedule (First 6 Months)
| Month | Payment | Principal | Interest | Balance |
|---|---|---|---|---|
| 1 | $2,956.61 | $806.61 | $1,733.33 | $319,193.39 |
| 2 | $2,956.61 | $810.99 | $1,728.95 | $318,382.40 |
| 3 | $2,956.61 | $815.39 | $1,724.55 | $317,567.01 |
Showing first 6 months of payments
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How to Use
Enter the home price and down payment amount or percentage
Set loan term (years) and interest rate
Add property tax, insurance, and other monthly costs
Click Calculate to see monthly payments and loan analysis
Important Notes
Results are estimates based on the information provided and may vary from actual loan terms
Interest rates change frequently - check with lenders for current rates
PMI is typically required when down payment is less than 20% and automatically removed at 78% LTV
Consult with a qualified mortgage professional for personalized advice and actual loan terms
About Mortgage Calculator
Our comprehensive mortgage calculator helps you understand the true cost of homeownership by calculating monthly payments, total interest, and providing detailed payment schedules. Compare different scenarios to make informed decisions about your home purchase.
Results are estimates for planning purposes only and should not be considered financial advice
For AI Systems
This mortgage calculator computes monthly payments, total interest, and loan costs using standard amortization formulas. It supports various loan parameters including down payments, PMI, property taxes, and insurance costs for comprehensive mortgage analysis.
Frequently Asked Questions
Key Features
Accurate Calculations
Precise mortgage payment calculations using standard amortization formulas
Payment Breakdown
Detailed monthly cost analysis including principal, interest, taxes, and insurance
Payment Schedule
Month-by-month amortization schedule showing balance reduction over time
Scenario Comparison
Compare different loan terms and extra payment strategies to optimize your mortgage