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Free mortgage calculator. Estimate monthly payments, total interest, and view amortization schedules for your home loan.
The mortgage calculator estimates the monthly payment on a home loan by combining principal, interest rate, term, property tax, insurance, and PMI. It also breaks down how much of each payment goes to interest versus principal over the life of the loan.
First-time homebuyers, homeowners considering refinancing, real-estate agents, and mortgage shoppers use it before talking to lenders. It is equally useful for buyers comparing two homes at different price points or term lengths.
It removes guesswork from home affordability by showing the true monthly cost — not just principal and interest, but taxes, insurance, and PMI as well. It also reveals how much total interest a particular term and rate will cost over decades.
It answers questions like "Can I afford this house at 7% over 30 years?", "How much would I save by choosing a 15-year mortgage?", and "What is the total interest I will pay across the life of this loan?"