See what a house at a given price actually costs each month — and how much you'll pay in interest over 15 vs 30 years.
The Mortgage Calculator answers the two questions that decide a house purchase: can I afford the monthly payment, and how much will this house actually cost me by the time it's paid off? Enter the price, the down payment, the rate you've been quoted and the term, and it returns the principal-and-interest monthly payment, the total repaid and the total interest across the life of the loan.
The clearest use is running the same house at 15 vs 30 years, or two rate quotes side by side — the monthly gap can look small while the lifetime interest gap runs into six figures. It shows principal and interest only; on a real closing statement you'll also see property tax, buildings insurance and, if the down payment is small, mortgage insurance, so budget on top of the number here rather than treating it as the full monthly cost.
A loan for purchasing real estate, repaid in monthly installments over 15-30 years.
This shows principal and interest. Actual payments may also include taxes, insurance, and PMI.
Larger down payment = lower loan amount = lower monthly payments and less total interest.
15-year: higher payments, much less total interest. 30-year: lower payments, costs more overall.
Find out what a personal, car or student loan will cost you per month — and how much of it is interest, not principal.
See what a savings pot or investment actually grows to — and how much of that is simple interest versus compounding.
Turn a gross salary offer into the number that actually lands in your bank account — annually and monthly.
Solve the three percentage questions people actually get stuck on: X% of Y, what percent X is of Y, and the change from X to Y.