Mortgage Calculator
Thinkforu.org 🏠 Mortgage Calculator
Calculate your monthly payments and view detailed amortization schedule
Monthly Payment:
$0.00
Total Loan Amount:
$0.00
Total Interest:
$0.00
Payment Breakdown
Amortization
Principal & Interest
Property Tax
Insurance
📚 How to Use the Mortgage Calculator
Understanding Your Mortgage
Principal: The amount you're borrowing (home price minus down payment)
Interest Rate: The annual rate charged by your lender
Loan Term: The number of years you have to repay the loan
Additional Costs: Property taxes and home insurance are included in your monthly payment
Calculator Features
- Calculate monthly mortgage payments including taxes and insurance
- View detailed payment breakdown
- See year-by-year amortization schedule
- Visualize payment components with interactive charts
- Share calculations with others
Tips for Accurate Calculations
- Include all costs: property taxes, insurance, and HOA fees if applicable
- Consider making a larger down payment to reduce monthly payments
- Compare different loan terms to find the best option
- Check current market rates for realistic interest rates
Understanding the Results
- Monthly Payment: Total amount you'll pay each month including taxes and insurance
- Total Loan Amount: The principal amount you're borrowing
- Total Interest: The total amount you'll pay in interest over the loan term
- Amortization Schedule: Shows how your payments reduce the loan balance over time