Mortgage Calculator
Estimate monthly home loan payments including principal, interest, property taxes, and homeowners insurance.
How to Use the Mortgage Calculator
Enter the required values in the fields above and click Calculate. All calculations are executed directly inside your web browser using proven mathematical formulas, ensuring instantaneous results and 100% privacy without transmitting your numbers to remote servers.
Mathematical Formula
Worked Example
A $350,000 home with 20% down ($70,000) at 6.5% interest over 30 years results in a principal and interest payment of $1,769.79/month.
Important Notes & Limitations
Does not include Private Mortgage Insurance (PMI) if down payment is below 20%, or homeowner association (HOA) dues.
Frequently Asked Questions
A 20% down payment is traditional because it eliminates the need for Private Mortgage Insurance (PMI), though many loan programs allow 3% to 5% down.