Mortgage Calculator
Get a detailed breakdown of your monthly mortgage payment, including principal, interest, taxes, and insurance.
Worked mortgage scenarios
Compare principal, term, and deposit decisions using fixed mathematical assumptions in the matching currency.
Expert Mortgage Planning
Planning your mortgage requires a full picture of your out-of-pocket expenses. Our advanced calculator helps you factor in the often-forgotten costs like property taxes and insurance fees across any market.
Separate the loan payment from the cost of owning
Principal and interest are only part of the monthly budget. Enter property tax, homeowners insurance and HOA separately; the calculator spreads annual tax and insurance evenly across twelve months. Escrow changes can alter the bill even when the mortgage rate stays fixed.
PMI, closing costs, repairs and maintenance are excluded. If your lender requires mortgage insurance, add its quote to the displayed payment before judging affordability. A lower down payment increases principal, but this tool does not estimate the separate insurance premium.
Compare the same borrowed amount over different terms. A shorter term generally raises the scheduled payment while reducing interest. Keep an emergency reserve separate from the down payment; the lowest-interest scenario may not leave a workable monthly budget.
| Principal | Rate / years | Monthly | Total interest |
|---|---|---|---|
| $400,000.00 | 6.5% / 30 | $2,528.27 | $510,177.95 |
| $400,000.00 | 6.5% / 15 | $3,484.43 | $227,197.30 |
Assumptions 2026-09-20.1. Formulas, rounding, tests and primary sources. These estimates do not provide financial advice or predict approval.