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Mortgage Calculator

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Calculate monthly mortgage payments and amortization schedules

Calculator Settings

Mortgage Calculator

Calculate your monthly mortgage payments, total interest, and loan details with our comprehensive mortgage calculator.

Loan Details

Enter Loan Details

Fill in the loan amount, interest rate, and term to see your mortgage calculations.

About Mortgage Calculations

How It Works

Our mortgage calculator uses the standard mortgage payment formula: M = P[r(1+r)^n]/[(1+r)^n-1], where M is the monthly payment, P is principal, r is the monthly interest rate, and n is the number of payments.

Key Terms

  • Principal: The loan amount after down payment
  • Interest: The cost of borrowing money
  • Term: The length of time to repay the loan
  • LTV: Loan-to-value ratio (loan amount ÷ home value)

Payment Frequencies

Monthly12 payments/year
Bi-weekly26 payments/year
Weekly52 payments/year

More frequent payments can reduce total interest paid over the life of the loan.

Mortgage Methodology

Comprehensive methodology and accuracy information

99% Accurate
Highly Accurate
Last Updated
February 2024
Version
3.2.1
Important Disclaimer
This calculator is provided for educational and informational purposes only. Results should be verified with professional consultation for critical decisions.
99%
Accuracy Rate
2
Formulas Used
3
Data Sources

About This Calculator

This mortgage calculator is designed to provide accurate calculations for your specific needs. Our calculators are thoroughly tested and follow industry standards to ensure reliable results.

Key Features

  • • Instant calculations with real-time results
  • • Mobile-friendly responsive design
  • • No registration or personal data required
  • • Free to use with no limitations

How to Use

  • • Enter your values in the input fields
  • • Results update automatically as you type
  • • Use the clear button to reset all fields
  • • Copy or save results for your records