Mortgage Calculator
Estimate a mortgage payment from home price, down payment, interest rate and amortization, with optional tax, insurance and monthly fees.
Mortgage amount$400,000.00
Down payment20%
Principal + interest$2,338.36
Estimated monthly total$2,880.03
Total interest$301,508.05
This is an estimate, not a lender quote. Mortgage insurance, lender fees, regional compounding conventions, closing costs and other charges are not included unless entered above.
How to use the Mortgage Calculator
- Enter the home price and down payment.
- Enter the interest rate and amortization period.
- Optionally add annual property tax, monthly insurance and condo or HOA fees.
- Review the mortgage amount and estimated monthly total.
Examples
Home purchase estimate
Estimate the payment on a $500,000 home with a $100,000 down payment.
Frequently asked questions
Is the Mortgage Calculator free to use?
Yes. You can use the tool without creating an account.
Does this include every mortgage cost?
No. Mortgage insurance, lender fees, closing costs and jurisdiction-specific compounding rules may affect an actual lender payment.
Does this tool work on a phone?
Yes. The interface is designed to work on phones, tablets and desktop browsers.
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