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Mortgage calculator
Work out your monthly mortgage payment with taxes, insurance and PMI, see the total interest and when you’ll pay it off, and check the full amortization schedule.
Monthly payment
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- Principal and interest
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- Property tax
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- Home insurance
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- HOA fees
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- PMI
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- Principal –
- Interest –
Over the whole loan
- Loan amount
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- Total interest
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- Principal and interest paid
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- Total with taxes and fees
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- Payoff date
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Dates assume your first payment is next month.
Amortization schedule
| Year | Principal | Interest | Balance |
|---|
What you type stays on this device. Nothing is uploaded.
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How to calculate a mortgage payment
- Enter the home price, your down payment, the loan term and the interest rate.
- Add property tax, home insurance, HOA fees and PMI if you want them in the monthly payment.
- Read your monthly payment and totals, then check the amortization schedule year by year or month by month.
Questions
Are my numbers sent anywhere?
No. The calculator works in your browser on this device. Your numbers are never uploaded or stored, and they’re gone when you close the page.
How is the monthly payment worked out?
With equal payments, the standard US mortgage, principal and interest cost the same every month: early payments are mostly interest, later ones mostly principal. The monthly rate is the yearly rate divided by 12. Property tax and insurance are spread over 12 months and added on, with HOA fees and PMI. PMI applies when you put down less than 20%, and stops when your balance is scheduled to reach 78% of the home’s price, as US law requires.
What are decreasing payments?
You repay the same amount of the loan every month, plus interest on what you still owe, so the first payment is the highest and each one is a little lower. It’s called SAC in Brazil, where it’s common for home loans. You pay less interest in total than with equal payments.
Is this exactly what I’ll pay?
It’s an estimate, not financial advice. Your lender’s figures can differ a little because of rounding, fees, payment dates and changes to taxes or insurance. Ask your lender for an official quote before you decide.