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All Tools›Finance & Business›Mortgage Calculator

Mortgage Calculator

Monthly payment, amortization & total cost

Finance & BusinessFREEYour data never leaves your browser

Mortgage Calculator is a free, browser-based tool that lets you monthly payment, amortization & total cost — with zero signup, zero installation. Your data never leaves your browser. Part of 81+ free developer and business tools at wowhow.cloud, built and maintained by a team with 14+ years of hands-on development experience.

$400,000
$50K$2M
20%

= $80,000

6.8%
1%15%
1.2%

= $400/mo

$125/mo

optional

Monthly Payment

$2,611/month

30-year fixed · 6.8% APR · $320,000 loan

Monthly Breakdown

Principal & Interest
$2,086
Property Tax
$400
Home Insurance
$125

Loan Summary

Loan Amount

$320,000

Total Interest

$431,018

Total Cost

$831,018

Amortization Schedule

360 total payments
MonthPrincipalInterestBalance
1$273$1,813$319,727
2$274$1,812$319,453
3$276$1,810$319,177
4$277$1,809$318,899
5$279$1,807$318,620
6$281$1,806$318,340
7$282$1,804$318,057
8$284$1,802$317,774
9$285$1,801$317,488
10$287$1,799$317,201
11$289$1,797$316,912
12$290$1,796$316,622

Estimates only. Actual payments may vary based on lender fees, PMI (required when down payment < 20%), escrow adjustments, and rate changes. Consult a mortgage professional for personalized advice.

How to Use

1

Enter the home price and adjust the down payment (% or $)

2

Choose your loan term — 15-year or 30-year fixed

3

Enter the current mortgage interest rate

4

Add property tax rate, home insurance, and optional HOA fees

5

View your monthly payment breakdown and full amortization schedule instantly

Frequently Asked Questions

The principal & interest portion is calculated using the standard amortization formula: M = P × [r(1+r)^n] / [(1+r)^n − 1], where P is the loan amount, r is the monthly interest rate (annual rate ÷ 12), and n is the total number of payments. Property tax, insurance, and HOA are added on top.

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