Mortgage Calculator
Enter the home price, your down payment, the interest rate and the loan term to see your monthly payment and total cost.
About this mortgage calculator
Buying a home is a big decision, and knowing the monthly payment up front helps you budget with confidence. This calculator estimates your principal-and-interest payment, and can add property tax and insurance for a fuller monthly figure, plus the total interest you’ll pay over the life of the loan.
How to use it
- Enter the home price and your down payment.
- Add the interest rate and loan term.
- Optionally add yearly property tax and insurance.
- See your monthly payment and total cost instantly.
Frequently asked questions
What does the monthly payment include?
The main figure is principal + interest (P&I). If you add yearly property tax and home insurance, we also show an estimated total monthly payment including those.
How is the monthly payment calculated?
It uses the standard amortizing loan formula based on the loan amount (price minus down payment), the monthly interest rate, and the number of monthly payments.
Does it work in my currency?
Yes — pick your currency symbol. The calculation is the same everywhere.
Related tools
Try the Auto Loan Calculator or Loan / EMI Calculator.