Mortgage Calculator (Monthly Payment)
Estimate your monthly mortgage payment — principal, interest, taxes and insurance — with an amortization schedule.
How to use the free online mortgage calculator
- Enter the home price and down payment.
- Set the interest rate and loan term.
- Optionally add taxes, insurance and HOA estimates.
- See your monthly payment and full amortization schedule.
About this tool
Estimate monthly mortgage payments with principal and interest, taxes and insurance. Enter loan amount, term, rate and see the full amortization schedule — how much goes to principal versus interest each month and over the life of the loan. Compare 15 vs 30 year terms and check how a slightly better rate changes the total cost.
Key features
- Price, down payment, rate, term
- PITI estimate
- Amortization schedule
- Total interest shown
Privacy first: every calculation and generation runs 100% locally in your web browser using the Web Crypto API. Your input never touches a server — nothing is stored, logged or sold.
Read the guide
Compound interest, explained simply
How 'interest on interest' quietly grows your savings — and how compounding frequency matters.
Loan amortization explained: how your EMI is really calculated
Why early payments are mostly interest, how banks compute your EMI, and the prepayment shortcut that saves thousands.
Frequently asked questions
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