How much home can I afford?

General rule: monthly housing costs should not exceed 28% of gross monthly income. Use our calculator to work backwards from desired monthly payment to determine affordable home price.

Should I choose a 15-year or 30-year mortgage?

15-year: higher monthly payments but much less total interest. 30-year: lower monthly payments but more interest over time. Our calculator compares both so you can see the trade-offs.

Mortgage Calculator

Calculate mortgage payments

What is Mortgage Calculator?

Our Mortgage Calculator provides comprehensive home loan calculations including monthly payments, amortization schedules, and total interest costs. Beyond basic principal and interest, it includes property taxes, homeowners insurance, HOA fees, and PMI (Private Mortgage Insurance) for a complete picture of your monthly housing costs. Essential for home buyers, homeowners considering refinancing, or anyone planning real estate purchases.

Common Use Cases

Home purchase planning
Mortgage affordability calculation
Refinancing evaluation
Comparing mortgage offers
Budget planning for home buying
Extra payment impact analysis
15-year vs 30-year comparison

Key Benefits

Complete monthly payment breakdown

Includes taxes and insurance

PMI calculation

Amortization schedule

Extra payment scenarios

15 vs 30-year comparison

Affordability calculator

How to Use Mortgage Calculator

Enter home price, down payment, interest rate, and loan term. Add property tax, insurance, and HOA fees for complete monthly payment. See full amortization schedule and how extra payments save interest.