Mortgage Calculator

Calculate monthly mortgage payments with principal, interest, taxes, and insurance. Compare loan amounts, rates, and terms for home buying decisions.

Formula

M = P[r(1+r)^n] / [(1+r)^n - 1]

How to Use This Calculator

  1. Enter the home purchase price
  2. Set your down payment amount
  3. Choose loan term (15, 20, or 30 years)
  4. Enter the annual interest rate
  5. View monthly payment breakdown with P&I, taxes, insurance

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