Free Mortgage Calculator – Monthly Payment, Interest & Total Cost
Estimate your monthly mortgage payment — including property tax and insurance (PITI) — and see a full amortisation schedule for any home loan.
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What is this tool?
A free Mortgage Calculator estimates your complete monthly housing payment — covering principal, interest, property tax, and homeowner's insurance (PITI). It generates a year-by-year amortisation schedule so you can see exactly how each payment is split between interest and principal over time. Home buyers, refinancers, and real estate investors use it to plan purchases and compare loan options.
How to use this tool?
1. Enter the home price
2. Enter your down payment amount or percentage
3. Set the annual interest rate
4. Choose the loan term (10, 15, 20, 25, or 30 years)
5. Optionally add annual property tax and insurance amounts
6. Click "Calculate" to see your full PITI payment and year-by-year amortisation table