Mortgage Calculator
Calculate your monthly mortgage payment and see the full amortization breakdown.
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Monthly Payment (PITI)
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Principal & Interest
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Property Tax/mo
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Insurance/mo
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Down Payment %
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Total Cost
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Total Interest
How the Mortgage Calculator Works
The calculator on loancalcfree.com computes your principal and interest payment using the standard mortgage formula, then adds monthly property tax and insurance to give your full PITI (Principal, Interest, Tax, Insurance) payment.
What is a Good Down Payment?
A 20% down payment avoids Private Mortgage Insurance (PMI) and reduces your monthly payment. However, many loans allow down payments as low as 3-5%. Use this calculator to compare different down payment scenarios.