Home Mortgage calculators

While calculating how much mortgage you can afford for a home is comprised of a combination of factors covered in another topic, a couple of tools can help you get started. You’ll need to calculate an estimate of how much your monthly mortgage payments will be for any given scenario of price, term, interest rate, down payment, etc. The calculator you’ll see here is comprised of two tabs. The first tab, Mortgage, allows you to calculate an estimated monthly mortgage payment amount with amortization over the term for principal, interest, property taxes, and PMI. The Loan tab allows you to create an amortization schedule when of the loan - principal and interest. This schedule will pop up after you press calculate and show year by year, how much of your monthly payment will go towards principal and how much will go towards interest (and how much towards property taxes, insurance and PMI on the mortgage tab) with a grand total at the end. Your amortization schedule will look something like this below:

This sample amortization schedule is for a $300,000 loan at 5.5% interest over 30 years. On your own schedule, you’ll be able to scroll down to see all of the years in the term and the grand totals for each column.

Calculate your payments and amortization schedule now below:

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All-in-one Mortgage Calculator

Check out the multi-faceted calculator below to figure out everything from refinancing to pre-qualification, to buying vs. renting decisions, to the effects of making extra payments, to how to pay credit card debt off sooner, and more. There are twenty calculators here for your use.