Mortgage Calculator

Estimate a monthly mortgage payment including optional property tax and insurance. Free to use online with no sign-up. Fast and mobile-friendly.

Enter the home price, down payment, rate and term to estimate principal-and-interest plus optional monthly ownership costs.

Formula

Mortgage principal-and-interest uses the standard fixed-rate amortization formula.

Example

A larger down payment lowers the loan principal and monthly principal-and-interest payment.

Frequently asked questions

Is the mortgage calculator free to use?: Yes. The tool is free to use and does not require an account.
Is my input stored?: For browser-based tools, your input stays on your device. The URL shortener is the exception because short links must be stored to redirect later.