Mortgage Calculator
Calculate your monthly mortgage payment, total interest, and total cost.
Mortgage Calculator
Calculate your monthly mortgage payment, total interest, and total cost.
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%
years
Real-World Examples
First home
$350,000 home, $70,000 down, 6.5% rate, 30 years
$1,755.83/month
Refinance
$250,000 loan at 5% for 15 years
$1,977.00/month
Common Mistakes to Avoid
Forgetting property taxes and insurance
Fix: Your real monthly cost includes property taxes, home insurance, and possibly PMI or HOA fees. This calculator shows principal and interest only.
Underestimating the down payment impact
Fix: A larger down payment reduces your loan amount, monthly payment, and total interest. It may also help you avoid PMI.