Free Mortgage Calculator
Calculate monthly mortgage payments, total interest, and see an amortization schedule. Supports 15, 20, and 30-year terms with adjustable down payment. No signup required.
100% free — no account needed
Free Mortgage Calculator Features
See the full cost of homeownership
Amortization Schedule
Month-by-month view of payment, principal, interest, and remaining balance.
Payment Breakdown
Visual breakdown showing how much goes to principal vs interest.
Monthly Payment
Calculate your exact monthly mortgage payment including principal and interest.
Flexible Terms
Compare 15, 20, and 30-year loan terms to find the best fit.
FAQ
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%.
Plan Your Finances
Compound interest, ROI calculator, and more financial tools.