Mortgage Calculator
Calculate mortgage payments with down payment, home price, interest rate, and loan term. See yearly amortization.
Frequently Asked Questions
How much should I put down on a house?
A 20% down payment avoids private mortgage insurance (PMI) and lowers your monthly payment. However, many loans allow 3-10% down. Use this calculator to compare different down payment amounts.
How does the down payment affect my monthly payment?
A larger down payment reduces the loan amount, which directly lowers your monthly payment and the total interest paid over the life of the loan.
What is included in a mortgage payment?
This calculator shows principal and interest (P&I). A full mortgage payment may also include property taxes, homeowners insurance, and PMI — often called PITI.