Mortgage Calculator
Calculate monthly payments, total interest and full amortization schedule for any home loan. Works with any currency.
Mortgage Calculator
Fill in your loan details to calculate the monthly payment
Calculate monthly payments, total interest and full amortization schedule for any home loan. Works with any currency.
Enter the home price, your down payment, the annual interest rate offered by your lender, and the loan term. The calculator instantly shows your monthly payment and a full amortization schedule.
Monthly payment = P × [r(1+r)^n] / [(1+r)^n − 1], where P = loan principal, r = monthly rate (annual rate ÷ 12), n = total months.
Even small extra monthly payments significantly reduce your total interest and payoff time. Use the Extra monthly payment field to see the impact. Adding just $200/month to a 30-year loan can cut 4–6 years off the term.
Rates vary by country, credit score and loan type. As of 2025, US 30-year fixed rates are around 6–7%. Compare your lender's offer with current market rates before signing.
A common rule is that your monthly housing costs should not exceed 28% of your gross monthly income. Use this calculator to check different price points against your budget.