Mortgage Calculator — best
Calculate monthly mortgage payments and total cost.
How to use Mortgage Calculator
Enter Your Loan Amount
Locate the 'Loan Amount' field at the top of the calculator. Type the total home price or loan amount in dollars (e.g., 350000). The field accepts values from $10,000 to $10,000,000.
Input Your Interest Rate
Click the 'Interest Rate (%)' field below the loan amount. Enter your annual interest rate as a decimal (e.g., 6.5 for 6.5%). Use rates between 2% and 12% for typical mortgages.
Set Your Loan Term
Select the 'Loan Term (Years)' dropdown menu. Choose 15, 20, or 30 years. The most common selection is 30 years for primary mortgages.
View Your Results
Results display automatically below the input fields showing: Monthly Payment (principal + interest), Total Amount Paid over loan term, and Total Interest Paid. All values update in real-time as you adjust inputs.
Adjust and Compare
Modify any field to see instant calculations. Compare scenarios like different interest rates or loan terms side-by-side. No need to reset—simply edit values and results recalculate immediately.