How do I use the Mortgage Calculator?

Enter the home price or loan amount along with your down payment. Add the interest rate, loan term, property tax, insurance, and any other monthly housing costs you want included. Review the estimated monthly mortgage payment, total interest, and amortization details before comparing loan options.

Is the Mortgage Calculator free?

Yes, the Mortgage Calculator is completely free. It runs entirely in your browser with no signup, no download, and no data sent to any server.

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Mortgage Calculator

Estimate monthly mortgage costs, total interest, total cost, escrow add-ons, and first-year amortization while comparing 15-year and 30-year loans.

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Mortgage inputs

Estimate monthly principal and interest, optional escrow costs, and compare 15-year vs 30-year payoff paths.

Home price ($)

Down payment Mode

Interest rate (%) Loan term

Property tax / year ($) Insurance / year ($)

Update the loan details to recalculate monthly payment, total interest, and the first-year schedule.

Loan amount

$0.00

Monthly P&I

$0.00

Monthly total

$0.00

Total interest

$0.00

Total cost

$0.00

Principal vs interest

Review how much of the long-term cost goes to interest.

Amortization schedule

First 12 months

Month	Payment	Principal	Interest	Balance

15 vs 30 year comparison

Side by side

15-year loan

30-year loan

How to use

How to Use the Mortgage Calculator

1 Enter the home price or loan amount along with your down payment.
2 Add the interest rate, loan term, property tax, insurance, and any other monthly housing costs you want included.
3 Review the estimated monthly mortgage payment, total interest, and amortization details before comparing loan options.

The Mortgage Calculator helps you estimate monthly home loan payments using principal, interest, taxes, insurance, and loan term. It is a practical home loan calculator for buyers comparing affordability across different purchase prices and mortgage rates.

Whether you are checking a 15 year or 30 year mortgage, this mortgage calculator gives a clear breakdown of monthly cost and long term interest. Use it to plan budgets, compare loan scenarios, and understand total borrowing cost.

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