Mortgage Calculator
Mortgage Calculator – Calculate your monthly mortgage payments, including principal, interest, property tax, insurance, and HOA fees. Obtain a detailed breakdown with an amortization schedule and a visual representation of payment distribution.
🏠 Mortgage Calculator
Calculate your monthly mortgage payments and see the full breakdown
Monthly Payment
Principal & Interest
Property Tax
Home Insurance
HOA Fees
Amortization Schedule (First 12 Months)
| Month | Payment | Principal | Interest | Balance |
|---|
Table of Contents
How to Use This Calculator
Step 1: Enter Home Details
- Home Price: Enter the total purchase price of the property (e.g., $300,000)
- Down Payment: Enter your down payment amount (e.g., $60,000)
Step 2: Enter Loan Terms
- Loan Term: Enter the number of years for your mortgage (typically 15, 20, or 30 years)
- Interest Rate: Enter the annual interest rate (e.g., 6.5%)
Step 3: Enter Additional Costs
- Property Tax: Enter annual property tax amount (divided by 12 automatically)
- Home Insurance: Enter annual home insurance cost (divided by 12 automatically)
- HOA Fees: Enter monthly Homeowners Association fees (enter 0 if none)
Step 4: Calculate
Click the “Calculate” button to see:
- ✅ Total Monthly Payment – Your complete monthly mortgage payment
- ✅ Payment Breakdown – Principal & Interest, Tax, Insurance, HOA
- ✅ Pie Chart – Visual representation of payment distribution
- ✅ Loan Summary – Total loan amount, total interest, and total amount paid
- ✅ Amortization Schedule – First 12 months showing principal vs interest
Step 5: Review Results
- The monthly payment is shown in a large display
- Detailed breakdown of each component
- The visual pie chart shows the percentage of each cost
- The amortization table shows how payments apply to principal and interest
Clear Button
Click “Clear” to reset all fields and start a new calculation.
💡 Quick Example
Scenario: Buying a $300,000 home
- Down Payment: $60,000 (20%)
- Loan Term: 30 years
- Interest Rate: 6.5%
- Property Tax: $3,000/year
- Insurance: $1,200/year
- HOA: $0/ 0/month
Result: Monthly payment of approximately $1,866
✨ Features
- Real-time calculations
- Comprehensive breakdown
- Visual pie chart
- Amortization schedule
- Responsive design (works on mobile)
- No data saved (privacy-friendly)
Related Calculator
What is a mortgage calculator?
A mortgage calculator is a tool that helps you estimate your monthly mortgage payments based on the loan amount, interest rate, loan term, and other factors like property taxes and insurance.
Why should I use a mortgage calculator?
It helps you understand what you can afford before house hunting, compare different loan scenarios, and plan your budget. You can see how changing the down payment, interest rate, or loan term affects your monthly payment.
What information do I need to use a mortgage calculator?
They provide good estimates, but actual payments may vary slightly due to factors like exact interest rates, specific lender fees, changing property taxes, or insurance costs. Always get pre-approval from a lender for exact figures.
How does my credit score affect my mortgage?
While the calculator won’t directly factor this in, your credit score significantly affects the interest rate lenders offer you. Higher scores typically qualify for lower rates, which reduces your monthly payment.