Mortgage Calculator
Estimate your monthly mortgage payment.
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About the Mortgage Calculator
Work out your monthly mortgage payment free with this mortgage calculator. Enter the home price, down payment, interest rate, and term to see your estimated principal-and-interest payment, loan amount, and total paid over the life of the loan. Compare 15- vs 30-year terms or different down payments to find an affordable home loan.
How to use the Mortgage Calculator
- 01Enter the home price and down payment.
- 02Add the interest rate and term.
- 03See your estimated monthly payment (principal & interest).
Frequently asked questions
Does this include property tax and insurance?
No — it estimates principal and interest only. Your actual payment will also include taxes, insurance, and possibly PMI.
What term should I use?
30 years is most common in the US; a shorter term (e.g. 15 years) means higher payments but far less total interest.
How much house can I afford?
A common guideline is keeping housing costs under 28% of gross monthly income. Work backwards: try prices in the calculator until the payment fits that budget.