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.