Mortgage Calculator
Calculate your monthly mortgage payment, including principal, interest, taxes, and insurance
Understanding Your Mortgage
Principal vs Interest
Early payments go mostly toward interest. As you pay down the loan, more goes to principal.
20% Down Payment
Putting 20% down typically eliminates PMI and gets you better interest rates.
15 vs 30 Year
15-year loans have higher payments but save significantly on total interest paid.
Total Cost of Ownership
Don't forget taxes, insurance, maintenance, and HOA fees in your budget.
Growing
Calculations Performed
98%
Accuracy Rate
Free
No Credit Card Required