Mortgage Calculator
Calculate monthly mortgage payments, interest, and amortization
Formula
P is loan principal, r is monthly rate, n is total payments.
Examples
$300k at 6.5%
With $60k down on 30yr, monthly payment ≈
Frequently Asked Questions
About Mortgage
A mortgage calculator helps you understand the true cost of homeownership by breaking down monthly payments into principal and interest. Understanding your payments before applying puts you in a stronger position.
The interest rate dramatically impacts total cost. Even 0.5% can mean tens of thousands over 30 years. Fixed-rate mortgages keep the same rate for the entire term, while ARMs start lower but can change.
Related Calculators
Compound Interest Calculator
See how your money grows with compound interest over time
Loan Calculator
Calculate loan payments, interest costs, and payoff timelines
Salary Calculator
Convert between hourly, monthly, and annual salary
Tip Calculator
Calculate tips and split bills easily