Advanced financial calculations with real-time updates, amortization schedules, and comprehensive loan analysis tools for informed home buying decisions.
Calculate your monthly mortgage payments with precision. Get detailed breakdowns including principal, interest, taxes, and insurance.
Explore our comprehensive suite of mortgage and loan calculation tools for every financial scenario.
Calculate break-even points and potential savings when refinancing your mortgage.
Calculate Refinance →Determine how much house you can afford based on your income and debt ratios.
Check Affordability →Detailed payment breakdown over the life of your loan with interactive charts.
View Schedule →Our professional mortgage calculator is designed to provide you with the most accurate estimate of your potential monthly mortgage payments. Whether you are a first-time home buyer or looking to refinance, understanding the numbers is crucial.
The amount of money you borrow to buy your home. As you make monthly payments, your principal balance decreases.
The cost of borrowing money, paid to the lender. In the early years of a mortgage, a large portion of your payment goes toward interest.
Insurance usually required if your down payment is less than 20%. It protects the lender if you default on the loan.
The process of paying off a debt over time through regular payments. An amortization schedule shows how much of each payment goes to principal vs. interest.
A 15-year mortgage typically has a lower interest rate and you'll pay significantly less interest over the life of the loan, but your monthly payments will be higher. A 30-year mortgage offers lower monthly payments, making it more affordable month-to-month, but you will pay more in total interest.
While 20% is the gold standard to avoid PMI, many lenders accept much less. Conventional loans can go as low as 3-5% down, FHA loans require 3.5%, and VA loans often require 0% down. However, a lower down payment means a larger loan and potentially higher costs.
PITI stands for Principal, Interest, Taxes, and Insurance. These are the four main components of a monthly mortgage payment. Some payments may also include HOA dues or Private Mortgage Insurance (PMI).
Your credit score is a major factor in the interest rate lenders offer you. Generally, a higher score (760+) qualifies you for the lowest rates. Lower scores may result in higher rates or difficulty qualifying. Even a small difference in rate can save or cost you thousands over the life of the loan.
Even a small miscalculation in your monthly budget can compound over time. Our tools use professional-grade financial formulas to ensure you have the precise data needed for big decisions.
Check Affordability