Mortgage Calculator
Calculate your monthly mortgage payments easily. Get instant results for home price, down payment, and loan terms.
Enter Mortgage Details
$
%
$70,000.00 (20%)
%
years
Your Results
Monthly Payment
$1,769.79
per month
Home Price $350,000.00
Down Payment $70,000.00 (20%)
Loan Amount $280,000.00
Interest Rate 6.5%
Loan Term 30 years
Total Interest $357,124.57
Total Payment $637,124.57
How to Use Our Mortgage Calculator
Our free mortgage calculator makes it easy to estimate your monthly mortgage payments. Simply enter your home price, down payment, interest rate, and loan term to get instant results.
Understanding Your Results
- Monthly Payment - The amount you'll pay each month toward your mortgage (principal + interest)
- Loan Amount - The amount you're borrowing (home price minus down payment)
- Total Interest - The total interest paid over the life of the loan
- Total Payment - The total amount paid including principal, interest, and down payment
Tips for Getting the Best Mortgage Rates
- Improve your credit score before applying
- Save for a larger down payment to avoid PMI
- Compare rates from multiple lenders
- Consider a 15-year term for lower rates
- Lock in your rate when you find a good one