Finance Calculator
🏠 Mortgage Calculator
Calculate your monthly mortgage payment, total interest paid, and get a full amortization schedule for your home loan. Free, instant, no signup.
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Enter Mortgage Details
$
Total purchase price of the home
$
20%
Amount you pay upfront (typically 10–20%)
%
Annual mortgage interest rate from your lender
Most common is 15 or 30 years
$
Monthly property tax amount
$
Monthly home insurance premium
🏠
Enter mortgage details
Fill in the form and click
Calculate Mortgage to see results
Calculate Mortgage to see results
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What is a Mortgage?
A mortgage is a loan used to purchase a home or real estate. The property itself serves as collateral. You repay the loan in monthly installments over a set term, typically 15 or 30 years.
Tips for Getting a Better Mortgage
• A larger down payment (20%+) eliminates PMI and lowers your monthly payment.
• Even a 0.5% lower interest rate can save tens of thousands over the loan term.
• A 15-year mortgage costs less in total interest but has higher monthly payments than a 30-year.
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