HomeCalc
Calculate monthly mortgage payments, taxes, insurance, PMI, total interest, and extra payment savings. Compare terms up to 50 years and review an amortization schedule.
| Month | Payment | Principal | Interest | Extra | Balance |
|---|---|---|---|---|---|
| Enter your loan details and click Calculate Payment to generate the schedule. | |||||
Your interest rate has one of the biggest effects on your payment. Even a small rate change can raise or lower the monthly cost over the full loan.
Longer terms usually lower the monthly payment, but they can increase the total interest paid. Shorter terms usually cost more monthly but pay off faster.
Property tax, insurance, and PMI are not always part of the loan balance, but they can change the real monthly housing cost.
Use the calculator before shopping so you know the price range that fits your budget instead of guessing from the home price alone.
A larger down payment lowers the loan amount and may remove PMI if your down payment reaches 20% or more.
The lowest monthly payment is not always the cheapest option. Compare total interest paid before choosing a loan term.