Mortgage Calculator
Free mortgage calculator — updated for 2025. Accurate, instant, no sign-up needed.
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Mortgage Payment Calculator
Monthly payment, total interest & full amortization schedule
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Monthly Payment (PITI)
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Total Interest
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Total Cost
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Loan Amount
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Down Payment %
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Payoff Year
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Principal vs Interest Split
Principal Interest
📅 Amortization Schedule
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How to Use This Mortgage Calculator
Enter your home price, down payment, interest rate, and loan term. Add annual property taxes and insurance for a complete PITI estimate. Use the sliders for quick scenario comparisons.
💡 Putting 20% down eliminates PMI (Private Mortgage Insurance), typically saving $100–$300/month on top of a smaller loan balance.
What Makes Up Your Monthly Payment?
- Principal: Reduces your loan balance each month.
- Interest: Cost of borrowing — highest in early years.
- Taxes: Property taxes collected monthly into escrow.
- Insurance: Homeowner's insurance (+ PMI if down payment under 20%).
2025 Mortgage Rate Overview
Average 30-year fixed rates in 2025 range from 6.0–7.5%. Your actual rate depends on credit score, down payment, and lender. Shopping at least 3–5 lenders can save tens of thousands over the loan's life.
How much house can I afford?
Keep total housing costs (PITI) under 28% of gross monthly income. On $7,500/month, target payments under $2,100.
15-year vs 30-year mortgage?
15-year saves ~50% in total interest but higher monthly payments. 30-year gives more cash flow flexibility. Use the selector above to compare instantly.
What credit score do I need?
Conventional loans: 620+. Best rates: 740+. FHA loans: 580 minimum with 3.5% down.