Mortgage Calculator

About Mortgage Calculator

Planning to buy a home? Our Mortgage Calculator helps you estimate your monthly mortgage payments based on the loan amount, interest rate, and loan term. Understanding your potential monthly payment is crucial for budgeting and determining how much house you can afford.

The calculator uses the standard amortization formula to determine your monthly payment amount and shows you the total amount you'll pay over the life of the loan, including both principal and interest. This helps you understand the true cost of borrowing and how different interest rates or loan terms affect your payments. Remember that actual mortgage payments may include additional costs such as property taxes, homeowners insurance, HOA fees, and PMI, which are not included in this basic calculation.