Mortgage Calculator Online – Free, Accurate & Fast Tool
Mortgage Calculator
Clean, responsive, and accurate — with taxes, insurance, HOA, PMI, and extra payments.
Loan Inputs
Results
Monthly Breakdown
Assumptions
- Monthly compounding, fixed-rate fully amortizing schedule.
- PMI applies when Loan-to-Value > 80% and drops automatically at ≤80%.
- Property tax = — / year, Insurance = — / year, HOA monthly added as is.
- Extra payment applied to principal each month.
Amortization Schedule
| Period | Payment Date | Payment | Principal | Interest | Taxes/Ins/HOA/PMI | Extra | Balance |
|---|---|---|---|---|---|---|---|
| No data yet — click Calculate. | |||||||
Mortgage Calculator
Clean, responsive, and accurate — with taxes, insurance, HOA, PMI, and extra payments.
Loan Inputs
Results
Monthly Breakdown
Assumptions
- Monthly compounding, fixed-rate fully amortizing schedule.
- PMI applies when Loan-to-Value > 80% and drops automatically at ≤80%.
- Property tax = — / year, Insurance = — / year, HOA monthly added as is.
- Extra payment applied to principal each month.
Amortization Schedule
| Period | Payment Date | Payment | Principal | Interest | Taxes/Ins/HOA/PMI | Extra | Balance |
|---|---|---|---|---|---|---|---|
| No data yet — click Calculate. | |||||||
Explore Country-Specific Mortgage Calculators
Localized currencies, taxes, insurance, and terms. Pick your country to get the most accurate results.
Explore Country-Specific Mortgage Calculators
Localized currencies, taxes, insurance, and terms. Pick your country to get the most accurate results.
Mortgage Calculator Online – Free, Accurate & Fast Tool
Buying a home is a big milestone. Our free online mortgage calculator helps you plan with confidence by estimating your monthly mortgage payments and the total cost of a loan in seconds. Enter your home price, down payment, interest rate, loan term, and optional costs like taxes, insurance, HOA, and PMI to see a clear, realistic payment. The calculator is responsive, fast, and works worldwide with multiple currencies — perfect for first-time buyers, homeowners exploring refinancing, and real estate investors who need quick, accurate numbers.
Why Use an Online Mortgage Calculator?
Quick, Accurate Payment Estimates
Instead of wrestling with formulas, simply enter your numbers and the calculator instantly shows your principal & interest payment, your estimated monthly total (PITI + PMI + HOA), and your payoff date. You can test different rates, terms, and down payments to understand how each change affects your budget.
Better Budgeting and Financial Planning
A mortgage isn’t just the loan. Property taxes, homeowners insurance, HOA fees, and PMI can add hundreds to your monthly cost. Our tool factors these items so you can plan for the real monthly payment before you make an offer.
Stress-Free Scenario Testing
- How much do you save with a 15-year term vs. a 30-year term?
- What if you add extra principal every month?
- How does a different interest rate change your payment?
- What happens to PMI when your loan-to-value drops below 80%?
Key Features of This Mortgage Calculator
Customizable Loan Inputs
Adjust every important input to match your situation:
- Home Price and Down Payment (percent or amount)
- Interest Rate (APR) and Loan Term (years)
- Start Date for month-by-month amortization
- Extra Monthly Payment toward principal
- Property Tax, Home Insurance, HOA, and PMI
Clear Results You Can Trust
- Monthly Payment (Principal & Interest)
- Estimated Monthly Total (PITI + PMI + HOA)
- Total Interest over the life of the loan
- Projected Payoff Date
- Interactive amortization schedule and downloadable CSV
Mobile-Friendly, Fast, and Global
The interface is responsive and optimized for touch — easy to use on phones, tablets, and desktops. Currency and locale formatting make it practical for users around the world.
How to Use the Mortgage Calculator (Step by Step)
Step 1: Enter the Home Price
Type the purchase price or the value you plan to offer for the property.
Step 2: Add Your Down Payment
Enter a percentage (e.g., 20%) or a fixed amount. The tool syncs both, so changing one updates the other. A higher down payment lowers your monthly cost and may eliminate PMI.
Step 3: Choose the Loan Term
Common terms are 15, 20, and 30 years. Shorter terms mean higher monthly payments but significantly less total interest.
Step 4: Enter the Interest Rate
Use the APR quoted by your lender or the average market rate. Small changes (even 0.25%) can make a big difference.
Step 5: Add Taxes, Insurance, HOA, and PMI
These costs vary by location and property type. Include them to see a realistic total monthly payment. PMI often applies when your down payment is below 20% and drops off automatically once you reach 80% loan-to-value.
Step 6: Consider Extra Payments
Extra principal each month shortens your loan and reduces total interest. Try different amounts and watch the payoff date move earlier.
Step 7: Click “Calculate”
Review the monthly breakdown, the first-month PMI (if applicable), and your amortization table. Download the schedule as CSV to save or share.
Understanding Your Results
Principal vs. Interest
Each monthly mortgage payment has two parts. In the early years, interest is a larger share. Over time, the principal portion grows and your balance drops faster — that’s the shape of an amortizing loan.
Taxes, Insurance, HOA, and PMI
Property tax and home insurance are typically escrowed, HOA is added as-is, and PMI applies above 80% LTV. Our calculator shows these in your estimated monthly total so you plan for the real cost of homeownership.
Total Interest and Payoff Date
Compare long- vs. short-term loans and see how extra payments reduce total interest and bring the payoff date closer.
Who This Calculator Helps
First-Time Homebuyers
- Set a realistic price range before shopping.
- Avoid surprises with taxes, insurance, and fees included.
- Understand how down payment size changes PMI and monthly cost.
Homeowners Considering Refinancing
- Compare your current loan to a new rate and term.
- Estimate monthly savings and total interest reduction.
- Model break-even timing if there are closing costs.
Real Estate Investors
- Evaluate cash flow across interest rates and terms.
- Stress-test assumptions with taxes, insurance, and HOA included.
- Export amortization for your spreadsheets and pro formas.
Frequently Asked Questions
How accurate is this mortgage calculator?
It uses standard amortization math and includes taxes, insurance, HOA, and PMI for realism. Final figures depend on your lender’s exact terms and fees.
Can I use it for refinancing?
Yes. Enter your new loan amount, rate, and term to estimate the new monthly payment and total interest.
What happens to PMI?
If your initial loan-to-value is above 80%, PMI is added. It drops automatically once you reach 80% LTV, which our calculator reflects.
Does it work internationally?
Yes. The tool supports multiple currencies and locale formatting so numbers look familiar in your region.
Conclusion
A smart home purchase starts with clear numbers. Use our free, accurate, and fast mortgage calculator to estimate your monthly payment, understand total interest, and plan a confident path to homeownership or refinancing. Try a few scenarios, compare terms, and download your amortization schedule — all in one place.
Mortgage Calculator Online – Free, Accurate & Fast Tool
Buying a home is a big milestone. Our free online mortgage calculator helps you plan with confidence by estimating your monthly mortgage payments and the total cost of a loan in seconds. Enter your home price, down payment, interest rate, loan term, and optional costs like taxes, insurance, HOA, and PMI to see a clear, realistic payment. The calculator is responsive, fast, and works worldwide with multiple currencies — perfect for first-time buyers, homeowners exploring refinancing, and real estate investors who need quick, accurate numbers.
Why Use an Online Mortgage Calculator?
Quick, Accurate Payment Estimates
Instead of wrestling with formulas, simply enter your numbers and the calculator instantly shows your principal & interest payment, your estimated monthly total (PITI + PMI + HOA), and your payoff date. You can test different rates, terms, and down payments to understand how each change affects your budget.
Better Budgeting and Financial Planning
A mortgage isn’t just the loan. Property taxes, homeowners insurance, HOA fees, and PMI can add hundreds to your monthly cost. Our tool factors these items so you can plan for the real monthly payment before you make an offer.
Stress-Free Scenario Testing
- How much do you save with a 15-year term vs. a 30-year term?
- What if you add extra principal every month?
- How does a different interest rate change your payment?
- What happens to PMI when your loan-to-value drops below 80%?
Key Features of This Mortgage Calculator
Customizable Loan Inputs
Adjust every important input to match your situation:
- Home Price and Down Payment (percent or amount)
- Interest Rate (APR) and Loan Term (years)
- Start Date for month-by-month amortization
- Extra Monthly Payment toward principal
- Property Tax, Home Insurance, HOA, and PMI
Clear Results You Can Trust
- Monthly Payment (Principal & Interest)
- Estimated Monthly Total (PITI + PMI + HOA)
- Total Interest over the life of the loan
- Projected Payoff Date
- Interactive amortization schedule and downloadable CSV
Mobile-Friendly, Fast, and Global
The interface is responsive and optimized for touch — easy to use on phones, tablets, and desktops. Currency and locale formatting make it practical for users around the world.
How to Use the Mortgage Calculator (Step by Step)
Step 1: Enter the Home Price
Type the purchase price or the value you plan to offer for the property.
Step 2: Add Your Down Payment
Enter a percentage (e.g., 20%) or a fixed amount. The tool syncs both, so changing one updates the other. A higher down payment lowers your monthly cost and may eliminate PMI.
Step 3: Choose the Loan Term
Common terms are 15, 20, and 30 years. Shorter terms mean higher monthly payments but significantly less total interest.
Step 4: Enter the Interest Rate
Use the APR quoted by your lender or the average market rate. Small changes (even 0.25%) can make a big difference.
Step 5: Add Taxes, Insurance, HOA, and PMI
These costs vary by location and property type. Include them to see a realistic total monthly payment. PMI often applies when your down payment is below 20% and drops off automatically once you reach 80% loan-to-value.
Step 6: Consider Extra Payments
Extra principal each month shortens your loan and reduces total interest. Try different amounts and watch the payoff date move earlier.
Step 7: Click “Calculate”
Review the monthly breakdown, the first-month PMI (if applicable), and your amortization table. Download the schedule as CSV to save or share.
Understanding Your Results
Principal vs. Interest
Each monthly mortgage payment has two parts. In the early years, interest is a larger share. Over time, the principal portion grows and your balance drops faster — that’s the shape of an amortizing loan.
Taxes, Insurance, HOA, and PMI
Property tax and home insurance are typically escrowed, HOA is added as-is, and PMI applies above 80% LTV. Our calculator shows these in your estimated monthly total so you plan for the real cost of homeownership.
Total Interest and Payoff Date
Compare long- vs. short-term loans and see how extra payments reduce total interest and bring the payoff date closer.
Who This Calculator Helps
First-Time Homebuyers
- Set a realistic price range before shopping.
- Avoid surprises with taxes, insurance, and fees included.
- Understand how down payment size changes PMI and monthly cost.
Homeowners Considering Refinancing
- Compare your current loan to a new rate and term.
- Estimate monthly savings and total interest reduction.
- Model break-even timing if there are closing costs.
Real Estate Investors
- Evaluate cash flow across interest rates and terms.
- Stress-test assumptions with taxes, insurance, and HOA included.
- Export amortization for your spreadsheets and pro formas.
Frequently Asked Questions
How accurate is this mortgage calculator?
It uses standard amortization math and includes taxes, insurance, HOA, and PMI for realism. Final figures depend on your lender’s exact terms and fees.
Can I use it for refinancing?
Yes. Enter your new loan amount, rate, and term to estimate the new monthly payment and total interest.
What happens to PMI?
If your initial loan-to-value is above 80%, PMI is added. It drops automatically once you reach 80% LTV, which our calculator reflects.
Does it work internationally?
Yes. The tool supports multiple currencies and locale formatting so numbers look familiar in your region.
Conclusion
A smart home purchase starts with clear numbers. Use our free, accurate, and fast mortgage calculator to estimate your monthly payment, understand total interest, and plan a confident path to homeownership or refinancing. Try a few scenarios, compare terms, and download your amortization schedule — all in one place.