Type the home price and your down payment as an amount or a percentage. This sets how much you need to borrow.
Enter the yearly interest rate and choose the loan term, such as 15, 20 or 30 years. Add property tax and insurance if you want them included.
Your monthly payment, total interest and total cost appear instantly. Change any value to compare options. It’s free with no sign-up.
A mortgage calculator estimates your monthly home loan payment based on the home price, down payment, interest rate and loan term. It helps you plan your budget before you buy.
Enter the home price, your down payment, the interest rate and the term. The calculator shows your monthly payment right away. It’s free and needs no sign-up.
It depends on the lender and loan type. A larger down payment lowers your monthly payment and total interest. Check the minimum with your bank, since requirements vary.
Principal is the amount you borrowed. Interest is the cost of borrowing. In the early years, more of each payment goes to interest, and over time more goes to principal.
A shorter term, like 15 years, has higher monthly payments but saves a lot of interest. A longer term, like 30 years, lowers the monthly payment but costs more overall.
A higher rate raises your monthly payment and total cost. Over many years, even a small difference adds up, so compare offers from different lenders.
You can add yearly property tax and home insurance to see a more realistic monthly cost.
The result is an estimate. Lenders may add fees, insurance or other charges, and may calculate interest slightly differently. Confirm the final figures with your bank.
No. Your numbers are calculated in your browser and are not saved or shared with anyone.
Yes to both. The calculator is completely free, and it works in any modern browser on phone, tablet or desktop. For other loans, try our Loan Calculator or Auto Loan Calculator.
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Estimate your monthly mortgage payment from home price, down payment, interest rate and loan term.
Estimates only. Monthly payment = principal & interest on a fixed-rate loan; taxes, insurance, HOA and other costs are added on top. PMI is included only while your balance is above 80% of the home price. Lender figures are sample data, and your lender's final numbers (fees, escrow, rounding) can differ, so confirm everything with them before making decisions.