Mortgage Calculator
Monthly payment from price, down payment, rate, and term. Optional tax, insurance, and HOA.
Total monthly
2022.62
Principal & interest
2022.62
Loan amount
320000.00
Down payment
80000.00
Total of payments
728142.36
Total interest
408142.36
360 monthly payments
Fixed-rate estimate. Not a bank quote. Fees and compounding can differ.
How it works
Set price and down payment
Home price, then down payment as a percent or an amount. The loan is price minus down payment.
Set rate and term
Yearly interest and years. 10, 15, 20, and 30 year chips fill the term. Tax, insurance, and HOA are optional extras.
Read the monthly figure
Principal and interest use a fixed-rate amortizing formula. Extras are tax and insurance divided by 12, plus HOA. Copy sits on each amount.
What is a mortgage calculator?
A mortgage calculator estimates the monthly principal and interest on a home loan from the amount borrowed, the yearly rate, and the term. This page also subtracts a down payment from the home price and can add property tax, home insurance, and HOA to the monthly total. It uses a fixed-rate amortizing formula. It is not an offer of credit.
Why use this tool
- Down payment as percent or amount
- 10, 15, 20, and 30 year terms
- Monthly P&I, extras, total paid, and interest
- Numbers only. Copy on each amount
- Estimate only. Unlimited on the free plan
Questions
What does Mortgage Calculator do?
It estimates a fixed-rate mortgage: loan from price and down payment, monthly principal and interest, optional tax, insurance, and HOA, then total paid and interest over the term.
How do I use Mortgage Calculator?
Enter home price, down payment, yearly rate, and years. Add yearly tax, insurance, and monthly HOA if you want them in the monthly total. Figures update as you type.
What is the formula?
Loan = price − down payment. Monthly P&I uses the standard amortizing payment at yearly rate ÷ 12 over years × 12 months. If the rate is 0, payment is loan ÷ months. Total of payments is P&I × months. Interest is that total minus the loan.
Are tax and insurance in the monthly total?
Yes, when you fill them. Property tax is a percent of home price or a yearly amount. Yearly tax and insurance are divided by 12. HOA is a monthly amount. They do not change the loan interest.
Is PMI included?
No. PMI depends on lender rules. You can fold a monthly PMI into HOA if you want it in the extras line.
Is this a bank quote?
No. Lenders add fees, points, and different compounding. Use this as a first look at P&I and extras.
Can the rate be zero?
Yes. Payment is then the loan split evenly over the months, with no interest.
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When to use Mortgage Calculator
People reach for Mortgage Calculator when a quick job should not require installing desktop software or creating an account. Monthly payment from price, down payment, rate, and term. Double-check units and inputs before you rely on a result in a spreadsheet or a report. Search results often mix upload-based converters with local tools. Read the privacy note on this page so you know which model you are using. On Easy24, normal use of this tool keeps processing in your browser. That means the content you paste or the file you pick does not need to be uploaded to finish the job. This page has no daily free-plan cap, so you can run it as often as you need. For product-wide questions about accounts, ads, and Pro, see the site FAQ and Security pages. For this tool’s exact steps, use the guide blocks above.
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