Mortgage Calculator
Estimate your monthly mortgage payment and see how much interest you'll pay over the life of the loan. Adjust loan amount, interest rate and term to compare scenarios.
About the Mortgage Calculator
Estimate your monthly mortgage payment and see how much interest you'll pay over the life of the loan. Adjust loan amount, interest rate and term to compare scenarios. It is completely free to use and works on any device — desktop, tablet or mobile — with no installation required.
Key features
- Includes tax, insurance and extra payments
- Full amortization breakdown
- Instantly compare loan terms
How to use
- Enter loan amount, interest rate and term.
- Optionally add tax, insurance and extra monthly payments.
- View your monthly payment and total interest.
Frequently Asked Questions
What is included in the monthly payment?
The calculator can include principal, interest, property tax and homeowners insurance, plus optional extra payments.
Does this calculator consider extra payments?
Yes. Add an optional extra monthly payment to see how much interest you save and how the payoff date changes.
Is this a substitute for a lender's quote?
No. Results are estimates only. Actual terms depend on your lender, credit and other factors.