Mortgage Calculator
Fill in the values and the answer updates as you type.
How the Mortgage Calculator works
Loan amount = price − down payment. Monthly payment = L × r ÷ (1 − (1 + r)^−n). Taxes, insurance, and fees are not included.
Inputs and results
The Mortgage Calculator takes 4 inputs and gives 4 results.
What you enter
- Home price ($) — starts at 350000.
- Down payment (%) — starts at 20.
- Annual interest rate (%) — starts at 7.
- Term (years) — starts at 30.
What you get
- Monthly payment
- Loan amount
- Down payment
- Total interest
Example: Mortgage Calculator with the starting values
With home price 350000 $, down payment 20 %, annual interest rate 7 % and term 30 years, the calculator returns:
| Monthly payment | $1,862.85 |
|---|---|
| Loan amount | $280,000 |
| Down payment | $70,000 |
| Total interest | $390,624.92 |
Change any value above and the results update straight away.
Mortgage Calculator FAQ
How do I use the Mortgage Calculator?
Enter home price, down payment, annual interest rate and term in the fields, then read monthly payment, loan amount, down payment and total interest in the result panel. The answer updates as you type, and you can press Calculate or Enter to refresh it. Use “Copy link” to share your exact numbers with someone else.
What does the Mortgage Calculator calculate?
Monthly mortgage payment from price, down payment, and rate. It returns monthly payment, loan amount, down payment and total interest from the 4 values you provide.
What values does the Mortgage Calculator start with?
It opens with home price 350000 $, down payment 20 %, annual interest rate 7 % and term 30 years so you can see a working result straight away. Replace them with your own numbers, or press Reset to return to these starting values.
Is the Mortgage Calculator free and private?
Yes. It is free, needs no account, and runs in your browser, so nothing you type is sent to or stored on our servers. See the Privacy Policy for details.
Can I rely on the Mortgage Calculator for financial decisions?
Treat the result as a well-rounded estimate. Real situations often have details a general calculator cannot know, so confirm financial decisions with a qualified professional. See the Disclaimer for more.