Calculators
Mortgage Calculator
Calculate your monthly mortgage payment, total interest, and overall cost. Supports down payment and custom interest rates.
Free · Runs in your browser · No signup · Files stay on your device
Monthly Payment
$1,517
Loan Amount
$240,000
Total Interest
$306,107
Total Paid
$546,107
How to use
How to use Mortgage Calculator
- 1Enter home price and down payment.
- 2Set interest rate and loan term.
- 3See monthly payment and total cost.
Tips
Quick tips
- The standard US mortgage is 30 years at a fixed rate.
- A 20% down payment avoids PMI (private mortgage insurance).
- Even small rate differences significantly affect total cost.
FAQ
Frequently asked questions
Does this include taxes and insurance?
No. This calculates principal + interest only. Add ~1-2% of home value annually for taxes and insurance.
What is a good mortgage rate?
Rates vary by market. A rate below 6% is generally considered favorable in 2024-2026 markets.
Related