Calculate monthly payments, view amortization schedules, and compare loan scenarios side-by-side.
The Mortgage Calculator estimates your monthly payment, total interest, and full amortization schedule from the loan amount, interest rate, and term — and lets you compare scenarios side by side to see what you can afford.
It is based on your loan principal, interest rate, and term using the standard amortization formula. Each payment covers interest on the remaining balance plus principal; the calculator also shows the full payoff schedule.
Amortization is how a loan is paid off over time. Early payments go mostly to interest and later ones mostly to principal. The calculator shows this breakdown month by month.
The core calculation covers principal and interest. Property tax, homeowners insurance, and PMI vary by location and lender, so treat the result as your base payment and add those separately.
No — it is an estimate for planning only. Confirm exact figures with your lender before making decisions.