Mortgage Calculator
Calculate your monthly mortgage payments and see your amortization schedule
Calculate Payments
Payment Breakdown
Amortization Schedule
- Balance
- Interest
- Principal
Frequently Asked Questions
What factors affect my mortgage payment?
Your mortgage payment is influenced by several factors: home price, down payment amount, interest rate, loan term, property taxes, and insurance costs.
What's included in my monthly payment?
A typical mortgage payment includes principal and interest (P&I), property taxes, and homeowner's insurance (collectively known as PITI). Some loans may also require mortgage insurance.
How does my down payment affect my mortgage?
A larger down payment reduces your loan amount and monthly payments. Down payments of 20% or more typically allow you to avoid mortgage insurance.
Should I choose a longer or shorter loan term?
Shorter terms (like 15 years) typically offer lower interest rates and less total interest paid, but higher monthly payments. Longer terms (like 30 years) have lower monthly payments but cost more in total interest.
