Mortgage Calculator
Calculate your monthly mortgage payment, total interest, and view a full amortization schedule.
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Loan Details
20%
Payment Summary
Monthly Payment
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Loan Amount
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Total Payment
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Total Interest
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Principal vs Interest
Principal
Interest
Amortization Schedule
| Year | Payment | Principal | Interest | Balance |
|---|
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About the Mortgage Calculator
This mortgage calculator helps you estimate your monthly payment, total cost, and interest over the life of your home loan. The amortization schedule shows how each payment is split between principal and interest. All calculations happen in your browser and no data is sent to any server. This tool assumes a fixed-rate mortgage with equal monthly payments. Actual payments may vary based on taxes, insurance, and PMI.
Mortgage Payment Formula
Monthly payment M = P[r(1+r)^n] / [(1+r)^n - 1], where P is the loan principal, r is the monthly interest rate, and n is the total number of monthly payments.