Mortgage Calculator
Estimate your monthly mortgage payment, total interest and amortization schedule for any loan amount, rate and term.
How to use this tool
- 1Enter your figures in the fields above.
- 2Results update instantly as you type.
- 3Adjust the inputs to compare different scenarios.
Frequently asked questions
What's included in a mortgage payment?+
This tool calculates principal and interest. Your full housing payment may also include property tax, homeowner's insurance and PMI.
Is this calculator free?+
Yes. It's completely free, needs no sign-up, and runs entirely in your browser so your numbers stay private.
Guides & deep dives
15-Year vs 30-Year Mortgage: Total Cost Compared
See exactly how much more a 30-year mortgage costs versus a 15-year on a $300k loan — monthly payments, total interest, and who should choose which.
How EMI Is Calculated: Formula, Example and Amortization Explained
Learn exactly how EMI is calculated using the standard formula, a step-by-step INR example, amortization table breakdown, and how tenure and prepayment affect your loan.
7 Proven Ways to Reduce Your Home Loan EMI
Cut your home loan EMI with balance transfers, prepayments, and rate negotiation. Practical strategies with worked examples for Indian borrowers.