Mortgage Calculator

Mortgage Calculator — Estimate Your Monthly Home Loan Payment

See what a home might really cost each month. Enter the price, your down payment, the interest rate and term, plus property tax, insurance, and any HOA fees, and get an estimated total monthly payment with a clear breakdown.

How to Use the Mortgage Calculator

Start with the home price and the down payment — the loan amount and your down payment percentage are worked out for you. Then enter the interest rate and the term in years, the yearly property tax and home insurance, and any monthly HOA fee. Choose a currency of dollars, pounds, euros, or rupees. The large figure at the top is your estimated total monthly payment, with the principal and interest, property tax, home insurance, and HOA parts listed beneath it, along with the loan amount, total interest, and total of payments. The page opens with a 350,000 home, 70,000 down (20%), a 6.5% rate over 30 years, 3,500 a year in property tax, and 1,200 a year in insurance — about 2,161 a month, of which roughly 1,770 is principal and interest.

What Changes the Payment

The term and the rate matter most. In that example the interest over 30 years comes to about 357,125, while a 15-year loan costs about 2,439 a month in principal and interest but only about 159,038 in interest. Cutting the rate by a full point to 5.5% lowers the principal and interest to about 1,590 a month, and a bigger down payment reduces the amount you borrow. Property tax and insurance are yearly figures that the calculator divides by 12 and adds to your monthly payment.

This is an estimate for a fixed-rate loan. The total interest and total of payments cover principal and interest only, and the calculator doesn't include mortgage insurance, which lenders often require when the down payment is under 20%, or closing costs, or any change in the rate. Confirm the real figures with your lender before you make decisions.

Good Uses for This Tool

Working out how much house you can afford, comparing 15-year and 30-year loans, seeing the effect of a larger down payment, and budgeting the full monthly cost of owning a home.

Is It Actually Private?

Yes. All the figures are calculated in your browser — nothing you enter is sent to a server or stored.