What's included in the monthly payment?

This calculator shows principal and interest (P&I). Actual payments may also include property tax, homeowner's insurance, and PMI.

Should I choose 15 or 30 years?

15-year: higher monthly payment but much less total interest. 30-year: lower monthly payment but significantly more interest over the loan life.

How much down payment do I need?

Conventional loans typically require 5-20% down. 20% avoids PMI (private mortgage insurance). FHA loans allow as low as 3.5%.

Finance Tool

Mortgage Calculator

Calculate monthly mortgage payments, total interest, and see an amortization schedule. Supports 15, 20, and 30-year terms with adjustable down payment.

100% free — no account needed

Home Price *

Down Payment

Interest Rate (%) *

Loan Term

Plan Your Mortgage

See the full cost of homeownership

Monthly Payment

Calculate your exact monthly mortgage payment including principal and interest.

Payment Breakdown

Visual breakdown showing how much goes to principal vs interest.

Amortization Schedule

Month-by-month view of payment, principal, interest, and remaining balance.

Flexible Terms

Compare 15, 20, and 30-year loan terms to find the best fit.

FAQ

Finance Tools

Plan Your Finances

Compound interest, ROI calculator, and more financial tools.