Mortage Calculator

Mortgage Calculator - Calculate Your Home Loan Payments | calqueless

Mortgage Calculator

Calculate your monthly mortgage payments, interest costs, and amortization schedule

Calculate Your Mortgage

Enter your loan details to get accurate payment estimates

$
$50K $1M
$
%
0% 50%
years
1 year 50 years
%
1% 10%

Your Mortgage Results

$1,520
Monthly Payment
$240,000
Loan Amount
$187,000
Total Interest
$427,000
Total Payment
2054
Pay-off Date

Payment Breakdown

Principal: 40% Interest: 60%

How to Use This Calculator

Enter your home price, down payment, loan term, and interest rate to calculate your monthly mortgage payment and total costs.

Mortgage Tips

  • 20% down payment avoids PMI insurance
  • Compare 15-year vs 30-year loan terms
  • Consider property taxes and insurance
  • Shop around for the best interest rates
  • Use extra payments to save on interest

Calculation Formula

Monthly Payment = P [ i(1 + i)^n ] / [ (1 + i)^n – 1]

Where: P = Loan Amount, i = Monthly Interest Rate, n = Number of Payments

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