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Free Mortgage Calculator - Instant Payment Estimates
Calculate your exact monthly payment instantly! See complete breakdown including taxes, insurance, PMI & HOA. Perfect for home shopping, refinancing decisions, and understanding true home affordability.
Loan Details
Enter your mortgage information below
Additional Monthly Costs
Monthly Payment
$2,523
Loan Amount
$320,000
Payment Breakdown
Detailed breakdown of your monthly mortgage payment
Principal & Interest:$2,023
Property Tax:$400
Home Insurance:$100
Total Interest
$408,142
Down Payment
$80,000
20.0%
LTV Ratio
80.0%
Amortization Schedule
See how your payments are applied over time
Understanding Your Mortgage Payment
Make confident home buying decisions with our comprehensive mortgage calculator. See your complete monthly payment breakdown including hidden costs like PMI and HOA fees. Perfect for comparing loan offers, understanding affordability, and planning your home purchase budget.
💡 Smart Tips
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- • 20% Down: Eliminates PMI and reduces monthly costs
- • 15 vs 30 Years: Shorter terms save massive interest
- • Credit Score: 740+ gets best rates - worth improving first
💰 Save Thousands
- • Extra Principal: $100/month saves $30,000+ in interest
- • Bi-weekly Payments: Pay off 6 years early, save $50,000+
- • Refi When Smart: 0.75% rate drop = major savings
- • Drop PMI Fast: Remove when you hit 20% equity