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Calculate Your Mortgage Payment in Seconds

Why Use a Mortgage Calculator?

Buying a home is one of the most significant financial decisions you’ll ever make. Understanding how your monthly mortgage payment breaks down can help you budget effectively and explore different scenarios—whether you’re choosing between a 15‑year vs. 30‑year term or deciding how much down payment to put down. Mortguage.app gives you instant estimates for your monthly payment, total cost, and total interest, so you can plan with confidence.

How the Calculation Works

At its core, your mortgage payment is determined by three factors:

We use the standard amortization formula: M = P·r ÷ (1 – (1 + r)–n), where P=principal, r=monthly rate, n=total payments.

Your Mortgage Calculator

Your Results

💰 Monthly Payment: —

📈 Total Payment: —

💸 Total Interest: —

Frequently Asked Questions

What's the difference between APR and interest rate?

Your APR reflects the full cost of borrowing—including fees—while the interest rate is just the annual percentage charged on the principal.

Can I include taxes and insurance?

This calculator focuses on principal and interest. For a full estimate including taxes, PMI, and insurance, check with your lender or use a dedicated all‑in‑one calculator.

Why does my payment change over time?

With a fixed‑rate mortgage, your payment stays the same but the portion going toward interest vs. principal shifts each month.