Mortgage Calculator
Estimate mortgage from the amount, rate, term, payment, and fees. Use this free mortgage calculator for fast, clear results with no signup required.
Mortgage Calculator guide
What it is for
The Mortgage Calculator estimates a financial outcome so you can compare scenarios before making a decision.
How it is calculated
Financed principal = home price − down payment. For monthly rate r and n payments, payment = principal × r / (1 − (1 + r)^−n), or principal / n at zero interest.
Assumptions
Taxes, fees, inflation, rate changes, and product terms are not included unless the inputs account for them.
Example
A $100,000 home with $20,000 down, 0% interest and a 10-year term has $80,000 financed and a monthly principal payment of about $666.67.
Limitations
This is not financial, tax, legal, or investment advice. Confirm terms with official documents and a qualified professional.
Public source: CFPB: Consumer Tools