Mortgage Calculator
Comprehensive mortgage payment and amortization calculator
Estimate mortgage principal/interest plus optional annual taxes and costs.Input details
Summary Result
House Price
--
Total Loan Amount
--
Down Payment
--
Interest Rate
--
Loan Period (Months)
--
Total Interest
--
Total Mortgage Payments
--
Monthly Payment
--
Annual Payment
--
Mortgage Payoff Date
--
Principal, Interest and Cost Breakdown
Principal--
Interest--
Property Taxes--
Home Insurance--
PMI Insurance--
HOA Fee--
Other Costs--
Mortgage Payment Table
| Payment Type | Monthly | Total Mortgage |
|---|---|---|
| Enter inputs and calculate. | ||
Amortization Schedule
| Year | Amount | EMI | Interest | Principle | Balance |
|---|---|---|---|---|---|
| Enter inputs and calculate. | |||||
| Month | Amount | EMI | Interest | Principle | Balance |
|---|---|---|---|---|---|
| Enter inputs and calculate. | |||||
Mortgage Loan Formula and Instructions
Method 1: Loan Principal
- Down payment can be entered as percentage or amount.
- Loan Amount = House Price - Down Payment.
Method 2: Mortgage EMI
- EMI = P x r x (1+r)^n / ((1+r)^n - 1), where P=loan amount, r=monthly rate, n=months.
- If annual interest rate is 0, EMI = P / n.
Method 3: Total Payments and Costs
- Total Mortgage Payments = Monthly Mortgage Payment x total months.
- Optional annual costs are converted to monthly and total mortgage-period values.