About Mortgage Calculator
Calculate monthly mortgage payments, total interest costs, and create amortization schedules. Understand the full cost of homeownership including principal, interest, taxes, and insurance.
Mortgage Tips
- 20% Down Payment: Avoids PMI insurance
- PITI: Principal, Interest, Taxes, Insurance
- PMI: Required when down payment < 20%
- Points: Pay upfront to lower interest rate
- Refinancing: Consider when rates drop 1%+
- Extra Payments: Apply to principal to pay off faster