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money
Free mortgage calculator. Enter the home price, down payment, rate and term to estimate your monthly principal and interest payment. Plan your home purchase.
Enter your values and select Calculate to see the result.
A mortgage is a long loan used to buy a home, usually repaid monthly over 15 to 30 years. The size of your deposit, the interest rate and the term all change what you pay each month and in total.
Enter the home price, your down payment, the annual rate and the term. The calculator works out the amount you borrow and the principal-and-interest payment. Property tax, home insurance, mortgage insurance and fees are not included, so budget for more than the result shows.
loan payment on home price − down payment
Taxes, insurance, and fees are not included in this estimate.
Estimates only. This calculator gives a general estimate and is not financial, tax or legal advice. Rates, fees and rules vary by country and situation. Read our disclaimer.
It estimates the principal and interest payment on the amount you borrow, which is the home price minus your down payment.
Property tax, home insurance, mortgage insurance, HOA fees and closing costs are not included, so your real monthly cost will usually be higher.
It varies by country and lender. A larger down payment lowers the loan amount and the monthly payment, and in some places avoids extra insurance.
It assumes the rate stays fixed for the whole term. For a variable rate, run the calculator with different rates to see the range.