Mortgage Calculator

Work out what a home will cost each month. Enter the price, your down payment as an amount or percentage, the interest rate and the term; add property tax, insurance and HOA fees to see the full monthly figure alongside the loan amount, loan-to-value and total interest.

How to use the Mortgage Calculator

1. Enter the home price.
2. Enter your down payment and choose % of price or a fixed amount.
3. Enter the annual interest rate and loan term in years.
4. Optionally add yearly property tax, yearly insurance and monthly HOA fees.
5. Press Calculate to see the monthly payment breakdown.

Features

• Principal and interest using the standard amortization formula
• Down payment as amount or percentage, with loan-to-value
• Optional property tax, insurance and HOA in the monthly total
• Total interest and total cost over the term

Benefits

• Set a realistic house-hunting budget
• See how a bigger down payment or shorter term changes the cost

Frequently asked questions

What is included in the monthly payment?

Principal and interest, plus any property tax, insurance and HOA fees you enter. Mortgage insurance (PMI) and closing costs are not included.

What is loan-to-value (LTV)?

LTV is the loan amount divided by the home price. Many lenders offer better rates, or drop mortgage insurance, below 80% LTV.

Is this an official quote?

No. Results are estimates for planning and education, not financial advice. Your lender's offer depends on your credit profile, fees and local rules.

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