Mortgage Calculator
Free online mortgage calculator — estimate your monthly mortgage payment including principal, interest, property tax and home insurance. See total interest paid and a principal vs interest breakdown.
What is a mortgage?
A mortgage is a long-term loan used to buy a home, secured by the property itself. You repay it in fixed monthly installments covering principal and interest, often with property tax and insurance bundled in.
How down payments affect costs
A larger down payment shrinks the loan amount, lowers your monthly payment and total interest, and can help you avoid private mortgage insurance. Even a few extra percent up front saves thousands over the term.
Tips to save on mortgage interest
Choose a shorter term where affordable, shop multiple lenders for the best rate, improve your credit score, and make occasional extra principal payments to cut years and interest off your loan.
Related Calculators
Explore more free tools in our Finance Calculators collection.