Mortgage Calculator
Enter a home price, down payment, interest rate and term — then add property tax and insurance — to see your full monthly payment and the interest you’ll pay over the life of the loan.
These results are an estimate for planning only — not investment, tax or legal advice. Your real payment depends on your lender’s rate and fees, and property tax and insurance change over time, so confirm the numbers before you commit.
Every calculation runs in your browser — the figures you enter never leave your device.
FAQ
How is the monthly payment worked out?
The loan amount — the home price minus your down payment — is spread across the term with the standard amortization formula, so a fixed principal-and-interest amount clears it by the end. A monthly share of your yearly property tax and home insurance is then added on top to give the full payment.
What does the monthly payment include?
Principal and interest on the loan, plus one twelfth of the yearly property tax and one twelfth of the yearly home insurance. The total interest shown covers only the loan itself — tax and insurance are ongoing costs, not interest.
How do I enter property tax and insurance?
Property tax is a yearly percentage of the home price, since it scales with the property; home insurance is a flat yearly amount. Both are editable estimates that change over time, so use your own figures — or set them to zero to see principal and interest alone.
Does it include mortgage insurance, fees or closing costs?
No — it covers principal, interest, property tax and home insurance. Mortgage insurance, lender fees, closing costs and any future rate or tax changes aren’t modelled, and what a lender requires varies by country. Treat it as a way to compare scenarios, not a loan quote.