Follow these simple steps to calculate your monthly mortgage payment and understand the total cost of your home loan.
Input the total amount you plan to borrow for your mortgage
Enter your annual interest rate as a percentage
Select how many years you'll take to repay the loan
Review your monthly payment breakdown and total costs
See exactly how much goes to principal vs. interest each month
View payment-by-payment breakdown over the entire loan term
Visualize how your loan balance decreases over time
Compare different loan scenarios side by side
Save or print your calculations for reference
Calculate on any device with responsive design
Get the most accurate results from your mortgage calculations
Always include property taxes and insurance in your budget planning
Consider the total cost of the loan, not just monthly payments
Shop around for the best interest rates before committing
Factor in closing costs (typically 2-5% of loan amount)
Consider how long you plan to stay in the home
Calculate the break-even point if considering refinancing
Our calculator shows principal and interest only. Remember to add property taxes, homeowners insurance, and PMI (if applicable) for your total monthly housing cost.
Our calculations use standard mortgage formulas and are accurate for estimation purposes. Actual payments may vary based on your lender's specific terms and fees.
Yes! Your recent calculations are automatically saved in your browser. You can also export results as PDF or spreadsheet.