Mortgage Calculator Online | Home Loan Payment Calculator
Plan your home purchase with our comprehensive mortgage calculator and home loan calculator. Calculate mortgage payments, view amortization schedules, and understand the total cost of homeownership with our free mortgage payment calculator including property taxes, insurance, and PMI calculations.
Mortgage Calculator
Loan Information
20%
years
Additional Costs
No PMI required with 20% or more down payment
Mortgage Summary
- Monthly Payment
- $0
- Principal, Interest, Tax, Insurance & PMI
- Total Cost
- $0
- Over 30 years
- Total Interest
- $0
- 0.0% of loan amount
Payment Breakdown
| Principal & Interest | -$300 |
| Property Tax | $200 |
| Home Insurance | $100 |
Amortization Schedule
| Month | Payment | Principal | Interest | Remaining Balance |
|---|
Typical Use Cases
Our mortgage calculator is an essential tool for prospective homebuyers and current homeowners looking to refinance. This home loan calculator helps you understand the financial commitment of a mortgage, including monthly payments, total interest costs, and the impact of different loan terms. Use our house payment calculator for accurate financial planning.
Use this mortgage payment calculator to compare different mortgage scenarios, understand how changes in interest rates affect your payments, or determine how much house you can afford based on your budget. Our real estate loan calculator includes comprehensive amortization schedules for complete mortgage analysis.
Mortgage Payment Formula
![M = P[r(1+r)^n]/[(1+r)^n-1]](/images/formulas/mortgage-formula.svg)
- M = Monthly payment
- P = Principal loan amount
- r = Monthly interest rate (annual rate divided by 12)
- n = Total number of payments (loan term in years × 12)
Additional Costs to Consider
When calculating the true cost of homeownership, remember to account for these additional expenses beyond the mortgage payment:
- Property taxes
- Homeowners insurance
- Private mortgage insurance (PMI) if down payment is less than 20%
- HOA fees (if applicable)
- Home maintenance (typically 1-3% of home value annually)
- Closing costs (typically 2-5% of loan amount)