Mortgage Calculator
Estimate your monthly mortgage payments, total interest, and view a detailed amortization schedule.
Mortgage Details
Use this Mortgage Calculator to enter your home price, down payment, and loan terms.
Private Mortgage Insurance (if down payment < 20%)
Loan Amount
$0.00
P&I Payment
$0.00
Total Monthly Payment
$0.00
Total Interest Paid
$0.00
Amortization Schedule
Detailed breakdown of your mortgage payments over time.
| Month | Payment | Principal | Interest | Remaining Balance |
|---|
Mortgage Tips
- Increase Down Payment: A larger down payment reduces your loan amount and can help you avoid PMI.
- Lower Interest Rate: Even a small reduction in interest rate can save you tens of thousands over the life of the loan. Shop around!
- Shorter Loan Term: A 15-year mortgage typically has a lower interest rate and saves significant interest, but has higher monthly payments.
- Extra Payments: Paying extra principal each month can drastically reduce your total interest paid and shorten your loan term.
- Refinance: Consider refinancing if interest rates drop significantly or your credit score improves.