What is Mortgage Calculator?
Free online mortgage calculator. Calculate monthly payment and total interest from loan amount, rate, and term. Quick estimates for home buying decisions and loan comparison.
Use Cases
- ◆Home buying decisions
- ◆Loan comparison
- ◆Budget planning
- ◆Affordability assessment
How to Use
- 1Enter loan amount
- 2Set interest rate and term
- 3Click Calculate
- 4View payment and interest
Features
- ✓Monthly payment
- ✓Total interest
- ✓Quick estimate
- ✓Free
FAQ
How accurate is this?
Uses standard amortization formula, accurate to the cent.
Does it support equal principal?
Currently equal-payment only; equal-principal version is in development.
Is this tool free?
Yes — completely free. No accounts, no paywalls. Just open the page and go.
Does my data get sent to a server?
No. Everything runs in your browser. Your data never leaves your device.
Does it work on my phone?
Absolutely. Works great on phones, tablets, and desktops alike.
How fast is it?
Instant for most inputs. Large datasets might take a second or two.