Mortgage Calculator
Calculate your monthly mortgage payments, total interest costs, and see your complete loan amortization schedule.
Calculate Your Payment
Your Monthly Payment
Amortization Schedule (First 12 Months)
Key Insights
Understanding Mortgage Payments
Your monthly mortgage payment consists of four main components: principal, interest, taxes, and insurance (PITI).
Principal: The amount that goes toward your loan balance
Interest: The cost of borrowing money from the lender
Taxes: Property taxes paid to your local government
Insurance: Homeowners and mortgage insurance costs
Key Factors
Loan Amount
The total amount you're borrowing to purchase the home
Interest Rate
Annual percentage rate (APR) charged by the lender
Loan Term
Length of time to repay the loan (typically 15 or 30 years)
Down Payment
Initial payment that reduces your loan amount
Pro Tips
Aim for a 20% down payment to avoid PMI
Consider shorter loan terms for lower total interest
Shop around for the best interest rates and terms
Learn More About Home Buying
Financial Planning
Create a comprehensive plan for your financial future including home ownership.
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