Calculate your monthly mortgage payment based on loan amount, interest rate, and loan term. Get a full amortization breakdown including principal and interest.
The standard amortization formula computes the fixed monthly payment M from the principal loan amount P, the monthly interest rate r (annual rate divided by 12), and the total number of monthly payments n (loan term in years multiplied by 12).
Decide if refinancing your mortgage will save you money.
Determine whether renting or buying is the better financial choice for you.
Find the maximum home price within your budget.
Get an estimate of your total mortgage closing costs.
Estimate PMI costs and find out when you can drop it.
Save thousands by switching to biweekly mortgage payments.
