Mortgage Calculator

Calculate mortgage payments and amortization schedules

Calculator Inputs

Enter your mortgage details to calculate payments and costs

The total amount you want to borrow

Annual percentage rate (APR)

Length of the mortgage in years

Initial payment (optional)

Yearly property taxes (optional)

Yearly homeowners insurance (optional)

Private mortgage insurance (optional)

Results

Enter values above to see your mortgage calculation results

Quick Tips

  • 20% down payment typically avoids PMI
  • Include property tax and insurance for total monthly cost
  • Consider interest rate changes over time

Understanding Your Results

Monthly Payment (P&I)

Principal and interest only - your base mortgage payment

Total Monthly Payment

Includes taxes, insurance, and PMI if applicable

Loan-to-Value Ratio

Lower ratios often mean better interest rates and no PMI