Mortgage Calculator
Free mortgage calculator with down payment, monthly principal & interest, and a full amortization schedule. Estimate any home loan instantly.
About this tool
Estimate your mortgage payment in seconds. Enter the home price, your down payment percentage, the interest rate and the loan term, and this calculator shows the monthly principal & interest payment, how much of the loan is interest, plus an amortization table for the first year.
Seeing the amortization schedule makes mortgage costs concrete: you will notice how slow the balance drops in the beginning and how much total interest a 30-year term adds versus a 15-year term.
FAQ
What is a good down payment?
20% avoids private mortgage insurance and increases your equity, but many lenders accept 3–10% with PMI. The right amount depends on your savings and monthly budget.
Does the payment include taxes and insurance?
No. This calculator shows principal and interest only. Property taxes, homeowners insurance and HOA fees are added on top.
How does amortization work?
Each payment covers the interest due for that month first; the rest reduces principal. Early payments are mostly interest, later payments mostly principal.