Mortgage Calculator

Calculate mortgage payments with taxes, insurance, and PMI.

Purchase Price

Down Payment

Loan Term

Custom:

years

(max 60 years)

Interest Rate

Optional: Property Tax & Insurance

Mortgage Tips

20% Down Payment

Avoid PMI and get better rates

15-Year vs 30-Year

Save thousands in interest

Compare Lenders

Shop for best rates & fees

Pre-Approval

Strengthens your offer

How It Works

Enter Purchase Price & Down Payment

Input the purchase price (home, car, etc.) and your down payment amount or percentage. The calculator automatically syncs between amount and percentage for convenience.

Choose Loan Terms

Select between 15-year or 30-year loan terms and enter your interest rate. Optionally add property taxes, home insurance, and PMI for accurate monthly payments.

View Your Results

See your complete monthly payment breakdown including principal, interest, taxes, insurance, and PMI. View yearly amortization schedule and total cost over the life of the loan.

Calculate mortgage payments with taxes, insurance, and PMI.

This Mortgage Calculator is designed to be fast, easy to use, and completely free. No signup required. Calculate monthly payments including principal, interest, taxes, insurance, and PMI. Perfect for homebuyers, homeowners looking to refinance, and anyone planning to purchase a home.

All processing happens directly in your browser, ensuring your data remains private and secure. Our tool works on all devices - desktop, tablet, and mobile.

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Frequently Asked Questions

What's included in the monthly mortgage payment?

Your monthly payment typically includes principal and interest on the loan amount. If you enable the optional fields, it also includes property tax, home insurance, and PMI (Private Mortgage Insurance). This gives you the complete monthly housing cost.

How much down payment should I make?

A 20% down payment is ideal because it helps you avoid PMI and often qualifies you for better interest rates. However, many loans require as little as 3-5% down. The calculator shows you how different down payment amounts affect your monthly payment and total interest.

Should I choose a 15-year or 30-year mortgage?

A 15-year mortgage has higher monthly payments but saves significantly on interest over the life of the loan. A 30-year mortgage offers lower monthly payments but costs more in total interest. Use the calculator to compare both options and see which fits your budget better.

What is PMI and when is it required?

PMI (Private Mortgage Insurance) is typically required when your down payment is less than 20% of the home price. It protects the lender if you default on the loan. PMI usually costs 0.5-1% of the loan amount annually and can be removed once you build 20% equity in your home.

How accurate is this mortgage calculator?

This calculator provides accurate estimates based on the information you enter. However, actual mortgage payments may vary based on factors like credit score, lender fees, closing costs, and specific loan terms. For precise figures, consult with a mortgage lender or financial advisor.

About Mortgage Calculator

Mortgage Calculator is your essential tool for home buying and homeownership planning. Whether you're a first-time homebuyer, looking to refinance your existing mortgage, or just exploring your options, this calculator helps you make informed decisions. Calculate complete monthly payments including principal, interest, property taxes, home insurance, and PMI. Compare 15-year vs 30-year terms, see how down payments affect your payment, and view yearly amortization schedules. Perfect for budgeting, comparing loan offers, and understanding the total cost of homeownership.

Unlike many online tools that require account creation or have hidden costs, Mortgage Calculator is completely free and requires no signup. Simply open the tool and start using it immediately. Your privacy is our priority - all processing happens locally in your browser, and your data is never stored on our servers.

Whether you're a professional, student, or casual user, Mortgage Calculator is designed to be intuitive and efficient. Our tool works seamlessly on desktop computers, tablets, and mobile devices, ensuring you can get your tasks done wherever you are.

Mortgage Calculator