Free Mortgage Calculator Online

Estimate monthly mortgage payment, property tax, home insurance, PMI, HOA fees, total interest, and amortization for clearer home loan planning.

Detailed Mortgage Calculator

Enter your home price, down payment, mortgage rate, and recurring housing costs to see a fuller repayment estimate.

Loan amount updates automatically from home value minus down payment.

Use these optional growth rates to model increasing tax, insurance, HOA, and other ownership costs over time.

Add optional extra payments to reduce balance faster and shorten the loan term.

Total Housing Payment 0.00 Principal, interest, tax, insurance, PMI, and HOA per payment period.
Principal and Interest 0.00 Base mortgage payment before other ownership costs.
Total Interest Paid 0.00 Estimated interest over the full loan term.
Loan Payoff Date - Calculated from your selected start date and payment frequency.

Mortgage Payment Summary and Amortization

Review your regular payment amount and see how the loan balance falls over time.

Payment Date Payment Principal Interest Balance
Run the calculator to generate an amortization schedule.

Repayment Snapshot

Home value0.00
Down payment0.00
Down payment %0.00%
Loan amount0.00
Total payments0
Total repayment0.00
Total property tax0.00
Total insurance0.00
Total PMI0.00
Total HOA fees0.00
Total other costs0.00
Extra payments applied0.00
PMI is automatically included when the down payment is below 20% and auto-PMI is enabled.

Mortgage Calculator for Better Home Loan Planning

This mortgage calculator estimates your regular payment using principal and interest along with recurring ownership costs such as property tax, home insurance, PMI, and HOA fees. It is useful for comparing borrowing scenarios, checking affordability, and reviewing long-term loan cost before you apply.

How to use this mortgage calculator

  1. Enter the home value, down payment, and annual interest rate.
  2. Choose the loan term, payment frequency, and start date.
  3. Add annual property tax, annual insurance, PMI rate, and monthly HOA if they apply.
  4. Click calculate to see payment summary, payoff date, and amortization schedule.

What the summary means

  • Total Housing Payment: the estimated all-in payment for each scheduled payment period.
  • Principal and Interest: the core mortgage repayment before tax, insurance, PMI, and HOA.
  • Total Interest Paid: the interest cost across the life of the loan.
  • Loan Payoff Date: the estimated final payment date based on your start date and frequency.

Where this tool helps

Use it to compare monthly vs bi-weekly repayment, estimate how a larger down payment changes PMI exposure, understand full housing cost, and review how much principal remains after each payment in the amortization table.