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Mortgage Calculator
Free online mortgage calculator. Calculate monthly payments, total interest, and amortization for any home loan.
Monthly Payment
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Calculate your monthly mortgage payment and total loan cost before you sign anything. Works for any home loan — purchase, refinance, or investment property.
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FREQUENTLY ASKED QUESTIONS
How much mortgage can I afford?
A common rule is that your monthly mortgage payment should not exceed 28% of your gross monthly income.
What is a good mortgage rate?
Mortgage rates vary by country and credit score. In the US, rates between 5-7% are typical as of 2024. Always compare multiple lenders.
What is the difference between fixed and variable rate?
A fixed rate stays the same for the loan term. A variable rate changes with market conditions — it can go up or down.
How much should a down payment be?
20% is traditional to avoid private mortgage insurance (PMI). Many programs allow 3-10% down, but you will pay more in interest over time.