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Calculators / Home & loans

Mortgage calculator

Your full monthly payment — principal, interest, taxes, insurance and HOA — and what the loan really costs over its life. Nothing you type leaves this page.

$

Enter a price between $10,000 and $20,000,000.

%

20% avoids private mortgage insurance on most loans.

Enter 0–100%.

%

Recent 30-year fixed rates have ranged roughly 6–7%.

Enter a rate between 0 and 25%.

$/yr

Often 0.5–2% of home value per year, depending on the state.

Enter a yearly amount from $0 to $200,000.

$/yr

Enter a yearly amount from $0 to $100,000.

$/mo

Enter a monthly amount from $0 to $10,000.

Estimated monthly payment

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Where each month's payment goes

Loan amount

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Total interest

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Total cost of loan

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Principal vs. interest paid, year by year

Amortization schedule (yearly)

How this is calculated

The principal-and-interest part of the payment uses the standard fixed-rate amortization formula:

M = P × [ i (1 + i)ⁿ ] / [ (1 + i)ⁿ − 1 ]  — where P is the loan amount, i the monthly rate (APR ÷ 12), and n the number of monthly payments.

Property tax, insurance and HOA dues don't shrink your loan — they're recurring costs of owning, added on top and usually collected through escrow. That's why the payment breakdown shows them separately: on a typical 30-year loan they can be a quarter or more of the check you write each month.

What the amortization chart tells you

Early payments are mostly interest, because interest accrues on the whole outstanding balance. As the balance falls, each identical payment shifts toward principal. If the interest total surprises you, try the 15- or 20-year term — the payment rises, but total interest usually drops dramatically.

What this estimate leaves out

PMI (typically 0.3–1.5% of the loan yearly when the down payment is under 20%), closing costs, points, and rate changes on adjustable loans. Lender quotes will differ; use this to compare scenarios, not as an offer.

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