Thinking about buying a home? Our Mortgage Payment Calculator helps you estimate your monthly mortgage payment. Enter the loan amount, interest rate, and loan term in years, then click “Calculate Payment.” You’ll get a breakdown of your estimated monthly payment, the total interest paid overtime, and the full cost of the loan.
What This Too Does
Use this simple calculator to estimate your monthly mortgage payments, including principal, interest, and taxes. It’s designed to help seniors quickly understand what fits within a retirement budget. This tool makes financial planning easier by giving you a clear picture of your home loan obligations before you commit. Get started now and take control of your home-buying journey!
Estimate your monthly payment with principal & interest, taxes, insurance, HOA, and PMI. Compare scenarios and view an amortization schedule. All calculations run in your browser.
| Month | Payment | Principal | Interest | Escrow | Extra | Remaining |
|---|---|---|---|---|---|---|
| Totals | — | — | — | — | — | — |
Mortgage Calculator – FAQ
How accurate is this calculator?
It uses a standard amortization formula for principal & interest and estimates escrow (taxes, insurance, HOA, PMI) based on what you enter. Real lender fees and exact PMI programs can vary.
When does PMI stop?
PMI is applied monthly when your starting loan‑to‑value (LTV) is above 80% and automatically drops in the schedule once the balance reaches 80% LTV or lower.
What does biweekly do?
Biweekly mode simulates 26 half‑payments per year (≈ one extra monthly payment annually) by adding an equivalent principal acceleration.
Disclaimer: This tool is for informational purposes only and provides an estimated monthly mortgage payment. It does not include property taxes, homeowner’s insurance, or other applicable fees. For exact mortgage details, consult a lender or financial advisor.
