Mortgage Calculator
Calculate monthly mortgage payments and view amortization schedule
Mortgage CalculatorEstimate your monthly payments and total costs
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$80,000
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Taxes & Insurance
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Monthly Payment
$0
Loan Amount $0
Total Payment $0
Total Interest $0
Down Payment $0
Amortization Schedule
| Year | Principal | Interest | Balance |
|---|
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How to Use Mortgage Calculator
- Enter your loan amount, annual interest rate, and loan term in years
- View monthly payment, total payment, and total interest instantly
- Scroll down to see the amortization schedule for the first 12 months
Frequently Asked Questions
How is the monthly payment calculated?
Using the standard amortization formula: M = P[r(1+r)^n] / [(1+r)^n - 1], where P is principal, r is monthly rate, and n is total months.
Does it include taxes and insurance?
This calculator shows principal and interest only. Actual payments may include property tax, homeowner's insurance, and PMI.
What does the amortization table show?
It breaks down each monthly payment into principal and interest portions, showing how your balance decreases over time.
About Mortgage Calculator
Enter loan amount, rate, and term to see your monthly payment, total interest, and full amortization schedule. Compare scenarios to find the best deal.
- Calculates monthly payment using standard amortization formula
- Shows total payment and total interest over loan life
- Generates full amortization schedule month by month
- Highlights how early payments reduce principal faster
- Supports any loan amount, rate, and term combination
Everything runs in your browser — your data never leaves your device.
