Mortgage Calculator — Estimate Your Monthly House Payment
Free mortgage calculator for US home buyers. Estimate monthly payment, PMI, taxes, insurance, HOA, loan interest, and amortization schedule instantly.
Down payment: 20.0%
Estimated Monthly Payment
$2,935
Loan Amount
$360,000
Total Interest
$480,583
Total Cost
$1,146,583
Monthly Payment Breakdown
First 10 Years Amortization
| Year | Principal | Interest | Balance |
|---|---|---|---|
| 1 | $3,837 | $24,183 | $356,163 |
| 2 | $4,104 | $23,916 | $352,059 |
| 3 | $4,390 | $23,630 | $347,670 |
| 4 | $4,695 | $23,324 | $342,975 |
| 5 | $5,022 | $22,997 | $337,953 |
| 6 | $5,372 | $22,648 | $332,581 |
| 7 | $5,746 | $22,274 | $326,835 |
| 8 | $6,146 | $21,874 | $320,689 |
| 9 | $6,574 | $21,446 | $314,115 |
| 10 | $7,032 | $20,988 | $307,084 |
Frequently Asked Questions about Mortgage Calculator
iComplete Guide: Mortgage Calculator
Read the instructions carefully before using this tool
1Introduction
A mortgage is usually the biggest financial decision for a home buyer, and small changes in interest rate, down payment, tax, or insurance can change the monthly payment by hundreds of dollars. This free Mortgage Calculator helps US home buyers estimate a realistic house payment before applying for a home loan. It includes principal and interest, property tax, homeowners insurance, HOA fees, PMI, total interest, total cost, and a first 10-year amortization table. Mortgage-related searches are high-value because users are actively comparing lenders, refinancing, insurance, credit scores, and real estate costs. This tool is built to answer those searches quickly with a clean, mobile-friendly calculator.
2How to Use
1. Enter the home price you plan to buy 2. Add your down payment amount 3. Enter the mortgage interest rate offered by your lender 4. Choose the loan term, such as 15 or 30 years 5. Add annual property tax, homeowners insurance, and HOA fees if applicable 6. Review the estimated monthly payment, loan amount, total interest, PMI, and amortization table
3Key Features
⚠️ Important Notice
- • This tool is 100% free and no registration is required.
- • Your files are processed in your browser, no data is uploaded.