Calculate your monthly payment, total cost, and full amortization schedule instantly
| Year | Principal Paid | Interest Paid | Total Paid | Balance |
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Enter your home price, down payment, interest rate, and loan term to instantly see your estimated monthly mortgage payment. Include property taxes and homeowners insurance for a complete picture of your total monthly housing cost.
An amortization schedule shows how each monthly payment is split between principal and interest over the life of your loan. In the early years, most of your payment goes toward interest. Over time, more goes toward reducing your principal balance.
A 15-year mortgage typically has a lower interest rate and you pay far less total interest, but monthly payments are significantly higher. A 30-year mortgage has lower monthly payments but costs more in total interest. Use the term buttons above to compare instantly.
A common guideline is that your monthly housing costs should not exceed 28% of your gross monthly income. Use this calculator to find a monthly payment that fits comfortably within your budget.
Expert advice to help you make smarter home buying decisions
Free, accurate, and easy to use
MortgageCalcQuick is a free online mortgage calculator designed to help homebuyers, homeowners, and real estate enthusiasts quickly understand their mortgage payments and long-term costs.
We believe that everyone deserves access to clear, accurate financial tools without having to pay for them or sit through sales pitches. Our calculator is completely free to use, with no sign-up required.
Our mission is simple: make mortgage math accessible to everyone. Whether you are a first-time homebuyer trying to figure out your budget, or a seasoned homeowner considering a refinance, we want to give you the tools to make informed decisions.
The results provided by this calculator are estimates for informational purposes only. They do not constitute financial advice. Please consult a licensed mortgage professional before making any financial decisions.
Last updated: January 1, 2025
MortgageCalcQuick does not collect personally identifiable information unless you voluntarily submit it through our contact form. Calculator inputs are processed entirely in your browser and are not stored or transmitted to our servers.
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Last updated: January 1, 2025
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The mortgage calculator is provided for informational and educational purposes only. The results are estimates and should not be relied upon as financial advice. Always consult with a licensed mortgage professional for personalized advice.
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