Mortgage Calculator

Calculate home loan payments, interest, and amortization schedules worldwide with multiple currencies and mortgage types

🏠 Mortgage Details

Country & Currency

Custom Currency Symbol

Mortgage Type

Fixed Rate

Variable Rate

Interest Only

Home Price

Down Payment

Interest Rate

% Annual

Loan Term

Years

Interest-Only Period

Years

Annual Property Tax (Optional)

Annual Home Insurance (Optional)

PMI/Mortgage Insurance (Optional)

Mortgage Information:

Fixed-rate mortgages have consistent payments
Variable rates may change over time
Interest-only loans have lower initial payments
Consider all costs including taxes and insurance

📊 Mortgage Calculation Results

Monthly Payment (P&I)

$ 0

Total Monthly Payment

$ 0

Loan Amount

$ 0

Total Interest

$ 0

Total Cost

$ 0

Payoff Date

❓ Frequently Asked Questions

How do I calculate my monthly mortgage payment?

Enter your home price, down payment, interest rate, and loan term. Our calculator will instantly compute your monthly principal and interest payment, plus optional property tax, insurance, and PMI.

What's the difference between fixed and variable rate mortgages?

Fixed-rate mortgages have the same interest rate for the entire loan term, providing predictable payments. Variable-rate mortgages have interest rates that can change over time, potentially affecting your monthly payments.

How much should I put down on a house?

A typical down payment ranges from 3% to 20% of the home price. Putting down 20% or more helps you avoid PMI (Private Mortgage Insurance) and reduces your monthly payments and total interest paid.

What is PMI and when do I need it?

PMI (Private Mortgage Insurance) is required when you put down less than 20% on a conventional loan. It protects the lender if you default on the loan and typically costs 0.3% to 1.5% of the original loan amount annually.

Can I use this calculator for international mortgages?

Yes! Our calculator supports multiple currencies and countries including USD, EUR, GBP, CAD, AUD, JPY, and many others. Select your country and currency from the dropdown menu.

What is an amortization schedule?

An amortization schedule shows how your mortgage payments are split between principal and interest over the life of the loan. Early payments go mostly toward interest, while later payments pay down more principal.

How do interest-only mortgages work?

Interest-only mortgages allow you to pay only the interest for a specified period (typically 5-10 years). After this period, you'll pay both principal and interest, resulting in higher monthly payments.

Should I include property taxes and insurance in my calculation?

Yes, including property taxes, homeowners insurance, and PMI gives you a more accurate picture of your total monthly housing costs. These are often escrowed with your mortgage payment.