Mortgage Calculator

Mortgage Calculator

Mortgage Calculator


A Mortgage Calculator is a financial tool that helps users estimate their monthly mortgage payments based on various parameters, including the loan amount, interest rate, loan term, and additional costs. This article introduces a simple Mortgage Calculator tool designed for easy use.


  1. Input Parameters:

    • Home Price: The total cost of the home.
    • Down Payment: The initial payment made by the buyer.
    • Loan Term: The duration of the loan in years.
    • Interest Rate: The annual interest rate on the loan.
    • Taxes, Insurance, HOA Fees: Optional fields for additional costs.
  2. Output Results:

    • Monthly Payment: The estimated monthly mortgage payment.
    • Total Repaid: The total amount repaid over the loan term.
    • Total Interest Paid: The total interest paid over the loan term.
    • Amortization Schedule: A detailed schedule showing the breakdown of each monthly payment into principal and interest.

How to Use

  1. Enter Property Details:

    • Input the Home Price, Down Payment, Loan Term, and Interest Rate.
  2. Optional Parameters:

    • Optionally, you can provide the ZIP Code for property location.
    • Include additional costs such as Taxes, Insurance, and HOA Fees if applicable.
  3. Calculate Mortgage:

    • Click the "Calculate Mortgage" button to generate the results.
  4. Review Results:

    • The tool will display the estimated Monthly Payment, Total Repaid, Total Interest Paid, and an Amortization Schedule.
  5. Explore Amortization Schedule:

    • The amortization schedule provides a detailed breakdown of each monthly payment, showing how much goes towards principal and interest.


Home Price: $425,000 Down Payment: $85,000 (20%) Loan Term: 30 years Interest Rate: 5% Taxes, Insurance, HOA Fees: Property Tax: $280/month Homeowner's Insurance: $66/month PMI: $0 HOA Fees: $0

Monthly Payment: $1,814.88 Total Repaid: $653,359.15 Total Interest Paid: $228,359.15