Loading your tools...
Loading your tools...
Calculate mortgage payments with our advanced mortgage calculator. Get accurate monthly payments, amortization schedules, total interest, and home loan costs.
Comprehensive Mortgage Analysis
This calculator provides detailed mortgage analysis with amortization schedules, scenario comparisons, and personalized recommendations for optimal mortgage management.
Mortgage Payments: Principal, interest, property taxes, insurance, and other costs.
Amortization Schedules: Detailed year-by-year and month-by-month payment breakdowns.
Scenario Analysis: Compare different payment strategies and their impact.
Cost Optimization: Strategies to reduce total mortgage costs and payoff time.
Enter basic loan information: Home price, down payment, loan term, and interest rate.
Add additional costs: Property taxes, home insurance, PMI, and HOA fees.
Review the calculated monthly payment breakdown.
Check the amortization schedule to see principal vs. interest over time.
Experiment with extra payments to see how much interest you can save.
Home Buying: Estimate monthly payments for new home purchases.
Refinancing: Compare current loan terms with new offers.
Budget Planning: Determine affordability based on income and debts.
Debt Payoff: Strategize extra payments to pay off mortgage faster.
Investment Analysis: Calculate returns on rental properties.
Loan Comparison: Evaluate Fixed-rate vs. Adjustable-rate mortgages.
A mortgage is a loan used to purchase or maintain a home, land, or other types of real estate. The borrower agrees to pay the lender over time, typically in a series of regular payments that are divided into principal and interest. The property serves as collateral to secure the loan.
Optimizing your mortgage payment can save you thousands in interest. Strategies include making one extra payment per year, rounding up payments, or refinancing to a lower rate or shorter term. Even small additional payments applied to the principal can significantly shorten your loan term.
Making one extra mortgage payment each year can shave years off your loan term and save you thousands of dollars in interest. You can achieve this by paying 1/12th extra each month or making a lump sum payment annually.