Mortgage Calculator
Estimate your monthly home ownership costs. Includes calculations for principal, interest, property taxes, insurance (PITI), and private mortgage insurance (PMI).
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aboutTool
Mortgage Calculator estimates your monthly home mortgage payments. It calculates principal and interest based on loan terms, helping you plan your home purchase with professional financial insights.
howToUse
- Enter the total loan amount and annual interest rate
- Select the loan term in years
- Choose a repayment method (Amortization vs Interest Only)
- Review the monthly payment and total interest interest costs
features
- Detailed monthly amortization schedule
- Interest-only period and extra payment support
- Fine-grained interest rate adjustments
- Visual breakdown of principal vs interest
- Report saving and export capabilities
- Compliance with standard financial formulas
faq
What is the total cost of the loan?
The summary displays the sum of the principal and all interest paid over the life of the loan.
Does it support extra payments?
Yes, you can model how additional monthly payments accelerate your loan payoff.
Principal vs Amortized?
Amortized payments keep your monthly cost consistent, while principal-equal saves more interest over time.