Mortgage Calculator
Calculate mortgage payments, total interest, and create amortization schedules. Compare different mortgage terms to find the best home loan option.
Mortgage Payment Calculator
How to Use the Mortgage Calculator
1. Enter Home Price
Input the total price of the home you want to purchase. This is the amount you would pay if buying with cash.
2. Set Down Payment
Enter the amount you plan to pay as a down payment. This reduces your loan amount and monthly payments.
3. Choose Interest Rate
Enter the annual interest rate for your mortgage. This significantly affects your monthly payment amount.
4. Select Loan Term
Choose your loan term (15, 20, 25, or 30 years). Longer terms mean lower monthly payments but more total interest.
Understanding Your Results
Monthly Payment
This is your principal and interest payment each month. It doesn't include property taxes, insurance, or other costs.
Loan Amount
The total amount you're borrowing (home price minus down payment).
Total Interest
The total amount of interest you'll pay over the life of the loan.
Down Payment %
The percentage of the home price you're paying upfront. Higher down payments often mean better loan terms.
Related Calculator Tools
Explore our comprehensive collection of calculator tools to solve various mathematical and conversion needs
Currency Converter
Convert between different world currencies with real-time rates
Percentage Calculator
Calculate percentages, discounts, and percentage changes
Unit Converter
Convert between different units of measurement
Time Calculator
Add, subtract, and convert time units easily
Date Calculator
Calculate date differences and add/subtract time periods
BMI Calculator
Calculate Body Mass Index and health metrics
Scientific Calculator
Advanced mathematical functions and calculations
Loan Calculator
Calculate loan payments, interest, and amortization