Mortgage Calculator

Use this mortgage calculator to estimate your monthly mortgage payments based on home price, down payment, interest rate, and mortgage term.

How mortgage payments are calculated

Mortgage payments are calculated using a standard amortization formula based on the loan amount (home price minus down payment), interest rate, and mortgage term.

Frequently Asked Questions

Does this mortgage calculator include taxes or insurance?
No. This calculator estimates principal and interest only.

What mortgage terms are common?
Most mortgages are 15 or 30 years.

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