Mortgage Calculator

How to Use Mortgage Calculator

Calculate mortgage payments and amortization

1

Enter Loan Amount

Use the slider or type directly to enter the total loan amount you want to borrow.

2

Set Down Payment

Adjust the down payment amount using the slider or input field (if any).

3

Set Interest Rate

Enter the annual interest rate for the mortgage using the slider or input field.

4

Set Loan Term

Enter the loan term in years using the slider or input field (typically 15, 20, or 30 years).

5

View Results

See monthly payment, total interest, and visual breakdown in the chart.

Tips & Best Practices

  • Higher down payments reduce monthly payments and total interest.
  • Shorter loan terms mean higher monthly payments but less total interest.
  • The chart shows how much goes to principal vs interest.
  • Early in the loan, most payment goes to interest; later, more goes to principal.
  • Consider property taxes, insurance, and PMI when budgeting for a mortgage.