Mortgage Calculator

Calculate monthly mortgage payments and amortization schedule. Free online mortgage calculator with detailed breakdown.

Calculator

Mortgage Calculator

Calculate monthly mortgage payments, interest, and create amortization schedules with our free online mortgage calculator. Get detailed breakdowns for better home buying decisions.

Mortgage Calculator

Mortgage Summary

Enter mortgage details above to see the payment breakdown.

Mortgage Types

Conventional Mortgage

Traditional mortgage with 20% down payment requirement

FHA Loan

Government-backed loan with lower down payment requirements

VA Loan

Veterans Affairs loan with no down payment requirement

USDA Loan

Rural development loan with no down payment requirement

How to Use

  1. Enter the home price you want to buy
  2. Input your down payment amount or percentage
  3. Specify the interest rate offered by your lender
  4. Choose the loan term (15, 20, or 30 years)
  5. Click "Calculate Mortgage Payment" to see the results
  6. Review monthly payment, total interest, and amortization

Example

Home Price: $300,000

Down Payment: $60,000 (20%)

Loan Amount: $240,000

Interest Rate: 4.5%

Term: 30 years

Monthly Payment: $1,216.04

Total Interest: $197,774.40

Features

  • • Calculate monthly payments
  • • Down payment calculator
  • • Total interest calculation
  • • Amortization schedule
  • • Multiple mortgage types
  • • Free to use

Perfect For

  • • Home buying planning
  • • Mortgage comparison
  • • Affordability analysis
  • • Financial planning
  • • Real estate investment
  • • Budget planning

Frequently Asked Questions

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