Mortgage Payment Calculator
Estimate your monthly home payment.
Estimate of principal and interest only. Property tax, insurance and HOA fees are not included.
About the Mortgage Calculator
Free mortgage calculator. Enter the home price, down payment, interest rate and term to estimate your monthly principal and interest, total interest and total cost.
Everything is calculated instantly in your browser — nothing you type is uploaded or stored. Bookmark Calcooly for the next time you need it.
How to use the Mortgage Calculator
- 1Enter the home price and your down payment.
- 2Set the interest rate and term.
- 3See your estimated monthly payment and total interest.
Frequently asked questions
Does this include taxes and insurance?+
No — it estimates principal and interest only. Property tax, home insurance and HOA fees are not included.
How does the down payment affect it?+
A larger down payment reduces the loan amount, which lowers both your monthly payment and total interest.
Is the result exact?+
It's a reliable estimate for general information. For important financial, medical or legal decisions, check with a qualified professional.