Finance Tools

MortgageCalculator

Calculate your monthly mortgage payment, total interest, and see your complete amortization schedule for home loans.

Mortgage Calculation

Mortgage Summary

Monthly Payment$1,606P&I
Total Payment$1,956w/ tax & ins

Loan Details

Loan Amount$240,000
Total Interest$318,135
Total Cost$558,135
Down Payment %20%
Payoff Date30 years

Mortgage Tips

  • 20% down avoids PMI
  • 15-year loans save interest
  • Shop around for best rates
  • Consider all housing costs

Current Rates

  • 30-year fixed: 6-7%
  • 15-year fixed: 5-6%
  • FHA loans: 6-7.5%
  • VA loans: 5.5-6.5%

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