Mortgage Calculator
Calculate your monthly mortgage payments, total interest, and amortization schedule. Compare different loan terms and interest rates.
Cálculo de exemplo
Valores padrão: amount: 300,000 | rate: 6.5 | years: 30
Pagamento mensal
$1,896
Pagamento total
$682,633
Juros totais
$382,633
A mortgage is likely the largest financial commitment you will ever make. Understanding your monthly payments, total interest costs, and amortization schedule is essential for making informed home-buying decisions.
Dicas
- 1A 15-year mortgage has higher monthly payments but saves tens of thousands in interest vs. a 30-year term.
- 2Even one extra payment per year can shave years off your mortgage and save thousands in interest.
- 3Shop around for mortgage rates — even a 0.25% difference adds up to thousands over the life of the loan.
- 4Consider the total cost of homeownership including taxes, insurance, maintenance, and HOA fees.
- 5Put at least 20% down to avoid private mortgage insurance (PMI).
Perguntas frequentes
What is a good mortgage interest rate?
Mortgage rates fluctuate with economic conditions. A 'good' rate is generally at or below the current market average. Check current rates from multiple lenders and consider both fixed and adjustable-rate options.
How much house can I afford?
A common guideline is that your total monthly housing costs (mortgage, taxes, insurance) should not exceed 28% of your gross monthly income. Your total debt payments should stay below 36%.
Should I choose a 15-year or 30-year mortgage?
A 30-year mortgage has lower monthly payments, providing more flexibility. A 15-year mortgage has higher payments but significantly less total interest. Choose based on your financial situation and goals.
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