Calculate mortgage payments for home loans. Get monthly payment, total interest over 15 or 30 years. Free and accurate.
This calculator provides estimates only and does not constitute financial advice. Actual results may vary. Consult a qualified financial advisor before making financial decisions.
Only looking at the monthly payment without considering total interest paid over the loan life
Always compare total cost of the loan. A 30-year loan at 6.5% on $320K costs $408K+ in interest alone — more than the principal.
Forgetting to include property tax, insurance, and PMI in your budget
Your true monthly housing cost includes principal, interest, property tax (~1-2% of home value/year), insurance ($100-300/month), and PMI if applicable.
Assuming the interest rate you see advertised is what you'll get
Advertised rates are for ideal borrowers (760+ credit, 20%+ down). Your actual rate depends on credit score, DTI ratio, and loan type. Get pre-approved for your real rate.
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CalculatorsThis mortgage calculator helps you estimate monthly payments, total interest, and the full cost of a home loan. Enter your home price, down payment, interest rate, and loan term to see a detailed breakdown including an amortization schedule.