Mortgage & Loan Calculator
Calculate your monthly mortgage or loan payment, total interest and a full amortization schedule. Free and instant.
Free · No sign-upHow to use Mortgage & Loan Calculator
- 1. Choose Mortgage for a home or Auto / personal loan for a car, personal or student loan, then enter the price or loan amount and the interest rate (APR).
- 2. Set the term in years or months — tap a preset like 30-yr fixed or 60 mo — and pick the month of your first payment.
- 3. For a home, fill in property tax, insurance, HOA and your PMI rate; open Extra payments to test monthly, yearly or one-time payments.
- 4. Read the payment breakdown and payoff date, switch the schedule between yearly and monthly, and download it as CSV or copy a share link.
💡 Tip: Even a 0.5% lower rate or a few extra years off the term can save thousands. Try different scenarios to compare.
Frequently asked questions
How is a monthly mortgage payment calculated?
Principal and interest use the standard amortization formula: loan × r ÷ (1 − (1 + r)^−n), where r is the monthly rate and n the number of payments. A $320,000 loan at 6.5% for 30 years is about $2,023; property tax, insurance, PMI and HOA are added on top to give the full PITI payment.
When does PMI stop?
On a conventional loan, PMI ends automatically once your balance is scheduled to reach 78% of the home’s original value, under the U.S. Homeowners Protection Act, and you can usually ask to remove it at 80%. The calculator stops charging PMI at 78%, shows the month it ends and totals what you pay.
How much do extra payments save?
Extra principal cuts the balance that interest is charged on, so savings compound. On a $360,000, 30-year loan at 6.5%, an extra $200 a month saves more than $110,000 in interest and PMI and ends the loan about six years early (10% down, 0.5% PMI). Try monthly, yearly or one-time amounts.
Can I calculate a car loan for 60 or 72 months?
Yes. Switch to Auto / personal loan, enter the amount and APR, and pick 36, 48, 60, 72 or 84 months, or type any term. A $35,000 loan at 7.5% costs about $701 a month over 60 months versus $605 over 72, but the longer term adds about $1,500 in interest.
Can I download the amortization schedule?
Yes. The CSV button saves every payment with its date, principal, interest, extra principal, PMI and remaining balance, ready for Excel, Google Sheets or Numbers. The on-page table can switch between yearly totals and every month.
Is the mortgage calculator private?
Yes. It runs in your browser and nothing you enter is sent or stored. Results are estimates: your lender’s figures can differ because of fees, escrow changes, rate adjustments on ARMs and the exact PMI terms, so treat them as a planning guide rather than a loan offer.