Finance & Money
Mortgage Calculator - Calculate Your Home Loan Payments
Calculate monthly mortgage payments, total interest, and amortization schedule
Formulas and edge cases are reviewed against authoritative references before publication. For methodology, editorial standards, or corrections, use the links below.
Frequently asked questions
How much house can I afford?
A common rule is that your monthly housing costs shouldn't exceed 28% of your gross monthly income.
What is a good down payment?
While 20% is traditional, many loans accept 3-5% down. Larger down payments mean lower monthly payments.
Should I choose 15 or 30 year mortgage?
15-year has higher payments but less total interest. 30-year has lower payments but costs more over time.
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About this tool
This Mortgage Calculator turns your inputs into practical results. Provide Loan Amount, Interest Rate, and Loan Term to calculate Total Interest and Monthly Payment.
Adjust values to compare scenarios and see how sensitive the result is. The calculation uses the numbers as entered, so double-check units and expect small differences from rounding in the displayed totals.