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Mortgage Calculator
Estimate monthly mortgage payments, total interest, loan-to-value, and year-by-year amortization.
mortgage calculatorloan calculatormortgage payment calculator30 year mortgage calculatorhome loan calculator
Compare monthly payment, total interest, and amortization with one calculation.
Monthly payment
$0.00
Total payment
$0.00
Total interest
$0.00
Loan-to-value
0%
Principal vs interest
Amortization breakdown Principal: $0.00 Interest: $0.00
Scenario comparison
Side by sidePrimary scenario
Compare scenario
Year-by-year amortization
First 5 years| Year | Principal paid | Interest paid | Balance |
|---|
How to use
How to estimate mortgage payments, total interest, and amortization before buying a home
- 1 Enter the home price first so the calculator can estimate the size of the mortgage you are financing.
- 2 Add the down payment as either a dollar amount or a percentage, then choose the loan term and annual interest rate.
- 3 Calculate the scenario to see the projected monthly payment, total payment over the loan, total interest, and loan-to-value ratio.
- 4 Review the principal-versus-interest breakdown to understand how much of the total cost goes to borrowing rather than the home itself.
- 5 Open the year-by-year amortization view or enable the compare scenario to test another rate, term, or down payment side by side.
A mortgage calculator helps turn a home price into a more realistic monthly cost. That is useful when you are comparing different properties, checking how rates affect affordability, or deciding whether a larger down payment meaningfully changes the long-term loan cost. Seeing payment, interest, and loan-to-value together creates a better planning snapshot than looking at price alone.
Amortization details are also valuable because mortgage costs are not distributed evenly over time. Early payments often include a larger share of interest, and the mix changes as the balance drops. A year-by-year schedule and comparison view make it easier to evaluate whether a shorter term, a different rate, or a new down payment target improves the overall financing picture.
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