How to Use This Mortgage Calculator
Our free mortgage calculator helps you estimate your monthly home loan payments quickly and accurately. Simply enter your loan amount, down payment, interest rate, and loan term to get instant results. The calculator includes all major costs: principal, interest, property taxes, homeowners insurance, and private mortgage insurance (PMI).
Understanding Your Mortgage Payment
Your total monthly mortgage payment consists of several components. Principal and interest make up the core loan payment, while property taxes and homeowners insurance are typically escrowed by your lender. If you put down less than 20%, you'll likely need PMI (Private Mortgage Insurance) until you reach 20% equity.
2025 Mortgage Rates and Trends
Mortgage rates in 2025 continue to impact home affordability. Use our calculator to compare different scenarios and see how rate changes affect your monthly payment. Even a small rate difference can significantly impact your total loan cost over time.