Mortgage Calculator

Quickly estimate your monthly mortgage payments, total interest, and loan costs instantly with our free mortgage calculator.

Calculate Your Mortgage Payments

Use the calculator below to determine your monthly mortgage payments and see how your loan amount, interest rate, and term affect your total cost.

How Does a Mortgage Work?

A mortgage is a type of loan used to purchase property, where the home itself serves as collateral. You borrow a certain amount from a lender, agree on an interest rate, and repay it over a set period, usually 15–30 years.

Key Factors That Affect Your Mortgage:

Mortgage Calculator FAQs

You’ll need your loan amount, interest rate, and loan term (in years).

Not by default, but you can estimate those costs manually based on your location.

Yes — simply input your remaining loan balance and new terms.

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