Mortgage Calculator
Calculate monthly mortgage payments, total interest, and amortization schedule. Compare different loan terms and interest rates to find the best mortgage option.
Calculate your monthly mortgage payment, total interest, and see the full cost of your home loan. Compare different down payments, interest rates, and loan terms. All calculations happen in your browser — your financial data stays private.
Mortgage Tips
- • A 20% down payment avoids Private Mortgage Insurance (PMI)
- • 15-year loans have higher payments but save significantly on interest
- • Your total monthly housing cost should be under 28% of gross income
- • Consider additional costs: property tax, insurance, HOA fees
How to Use
- Enter the home purchase price
- Set your down payment amount
- Input the expected interest rate
- Choose your loan term (15 or 30 years)
- See your monthly payment and total costs instantly
Frequently Asked Questions
❓ Is this tool free?
Yes! All our tools are completely free. No registration, no hidden charges, no ads. Just open and use.
🔒 Is my data safe?
Absolutely. All calculations happen in your browser. We don't store, send, or track any of your data. Everything is processed locally on your device.
📱 Can I use this on mobile?
Yes! All our tools are fully responsive and work perfectly on smartphones, tablets, and desktops.
🌐 Do I need internet?
No! Once the page loads, you can use the tool completely offline. All calculations happen in your browser without any server connection.