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Mortgage Calculator

Calculate your monthly mortgage payment with principal, interest, taxes, and insurance breakdown.

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Estimated Monthly Payment

$2,219.79

$280,000 loan over 30 years at 6.5% • 20.0% down

Principal & Interest

$1,769.79

/month

Property Tax

$350.00

/month

Insurance

$100.00

/month

Total Interest Paid

$357,125

over 30 years

Loan Summary

Home Price: $350,000
Down Payment: $70,000
Loan Amount: $280,000
Total # Payments: 360
Total Amount Paid: $637,125
Total Interest: $357,125

How to use Mortgage Calculator

  1. 1

    Enter your home price

    Input the total purchase price of the property and your planned down payment amount.

  2. 2

    Set loan terms

    Choose your interest rate and loan duration (15 or 30 years are most common).

  3. 3

    Review your breakdown

    See your monthly payment split into principal, interest, taxes, and insurance.

About Mortgage Calculator

Our free Mortgage Calculator instantly breaks down your monthly home payment into principal, interest, property tax, and insurance. Adjust home price, down payment, interest rate, and loan term to see how each factor affects your budget.

Frequently Asked Questions

It uses the standard amortization formula. Actual payments may vary based on your lender's specific terms, PMI, and HOA fees.

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