Mortgage Calculator
Calculate your monthly mortgage payment and full cost breakdown
Amortization Schedule
| Period | Payment | Principal | Interest | Balance |
|---|---|---|---|---|
| 🏠 Calculate above to see your schedule | ||||
How to Use the Mortgage Calculator
Enter your home price, down payment percentage, loan term, and interest rate to see your estimated monthly payment. Include annual property tax and insurance for a complete monthly housing cost.
How Monthly Payments Are Calculated
Monthly payments are split between principal (reducing your debt) and interest (the lender's fee). Early payments are mostly interest — this gradually shifts toward principal over the life of the loan.
How Much Down Payment Do I Need?
20% down avoids private mortgage insurance (PMI) and reduces monthly payments. Many lenders accept 3–5% for first-time buyers, though this increases your total interest paid.
Currency Support
Switch between USD, EUR, GBP, and PLN using the selector. All values and symbols update automatically.
From the Blog
// Quick Tips
Use sliders for quick estimates or type exact values in the fields below each slider.
// 20% Rule
20% down avoids PMI, saving money every month and reducing total interest.
// Fixed vs Variable
Fixed rates are predictable. Variable rates start lower but can increase over time.
// Shorter Term
15-year mortgages have higher monthly payments but far less total interest paid.