Mortgage Calculator
About Our Mortgage Calculator
This mortgage calculator helps you estimate your monthly mortgage payment and visualize the amortization schedule for your loan. It includes property taxes, insurance, and HOA fees to give you a complete picture of your housing costs.
How It Works
Our calculator uses the standard amortization formula to determine your monthly payment based on the loan amount, interest rate, and term length. It then generates a complete payment schedule showing how much of each payment goes toward principal and interest.
Understanding Your Results
Monthly Payment: The total amount you'll pay each month, including principal, interest, taxes, insurance, and HOA fees (if applicable).
Total Interest: The sum of all interest payments over the life of the loan.
Amortization Schedule: A month-by-month breakdown showing how each payment is applied to your loan balance.
Disclaimer
This calculator provides estimates for informational purposes only. Actual loan offers from lenders may vary, and additional fees may apply. Please consult with a qualified mortgage professional before making financial decisions.