Loan / EMI Calculator
Calculate EMI, total payment, and interest for loans. Supports months/years, zero-interest, and quick presets — all client-side.
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Mortgage Calculator — Free PITI, Amortization & Payment Estimator
Estimate your monthly mortgage payment including principal, interest, taxes, and insurance (PITI). View a full amortization schedule, compare loan scenarios, and export results — all free and private.
No uploads. Everything runs locally in your browser.
Status
Adjust inputs to calculate your mortgage. All computations run locally in your browser.
Quick Presets
Loan Details
Down Payment
%
Down payment: $80,000 · Loan amount: $320,000
Payment Summary
Your Estimated Payment
$2,522.62/mo
P&I
$2,022.62
Tax
$400.00
Insurance
$100.00
PMI
$0.00
Loan Amount$320,000Total Interest$408,142Payoff30.0 yrs
Yearly Payment Breakdown
Principal & Interest:$24,271(80%)
Property Tax:$4,800(16%)
Insurance:$1,200(4%)
All calculations run locally in your browser. No data is ever sent or stored.
Year-by-Year Amortization Schedule
| Year | Principal | Interest | Total Paid | Remaining |
|---|---|---|---|---|
| 1 | $3,577 | $20,695 | $24,271 | $316,423 |
| 2 | $7,393 | $41,150 | $48,543 | $312,607 |
| 3 | $11,465 | $61,349 | $72,814 | $308,535 |
| 4 | $15,809 | $81,276 | $97,086 | $304,191 |
| 5 | $20,445 | $100,912 | $121,357 | $299,555 |
| 6 | $25,391 | $120,238 | $145,628 | $294,609 |
| 7 | $30,668 | $139,232 | $169,900 | $289,332 |
| 8 | $36,299 | $157,873 | $194,171 | $283,701 |
| 9 | $42,306 | $176,136 | $218,443 | $277,694 |
| 10 | $48,716 | $193,998 | $242,714 | $271,284 |
| 11 | $55,556 | $211,430 | $266,986 | $264,444 |
| 12 | $62,853 | $228,404 | $291,257 | $257,147 |
| 13 | $70,639 | $244,889 | $315,528 | $249,361 |
| 14 | $78,947 | $260,853 | $339,800 | $241,053 |
| 15 | $87,811 | $276,260 | $364,071 | $232,189 |
| 16 | $97,268 | $291,074 | $388,343 | $222,732 |
| 17 | $107,359 | $305,255 | $412,614 | $212,641 |
| 18 | $118,126 | $318,759 | $436,885 | $201,874 |
| 19 | $129,614 | $331,543 | $461,157 | $190,386 |
| 20 | $141,871 | $343,557 | $485,428 | $178,129 |
| 21 | $154,949 | $354,750 | $509,700 | $165,051 |
| 22 | $168,903 | $365,068 | $533,971 | $151,097 |
| 23 | $183,792 | $374,451 | $558,242 | $136,208 |
| 24 | $199,677 | $382,837 | $582,514 | $120,323 |
| 25 | $216,627 | $390,159 | $606,785 | $103,373 |
| 26 | $234,711 | $396,345 | $631,057 | $85,289 |
| 27 | $254,007 | $401,321 | $655,328 | $65,993 |
| 28 | $274,595 | $405,004 | $679,600 | $45,405 |
| 29 | $296,562 | $407,309 | $703,871 | $23,438 |
| 30 | $320,000 | $408,142 | $728,142 | $0 |
What is this tool
The mortgage calculator is a free online tool that estimates your total monthly home loan payment — covering principal, interest, property tax, and insurance (PITI). You can adjust the loan amount, interest rate, loan term, down payment, and add extra monthly payments to see exactly how they affect your payoff timeline and total cost. A full amortization schedule breaks down every year of the loan. Everything runs directly in your browser, so your financial data stays private.
How to use
- Enter your home price and choose a down payment — as a percentage or dollar amount.
- Set the interest rate and loan term (10, 15, 20, 25, 30, or 40 years) for your mortgage.
- Optionally add property tax rate, annual home insurance, and PMI rate for a complete PITI estimate.
- Turn on comparison mode to see how a different loan scenario stacks up side by side.
- Scroll down to view the amortization schedule and use the Export CSV button to download your results.
Features
- Real-time PITI calculation — see your estimated monthly payment update instantly as you adjust any input.
- Full amortization table — view a year-by-year breakdown of principal, interest, and remaining balance for the life of the loan.
- Comparison mode — compare two loan scenarios side by side to choose the best mortgage for your budget.
- Extra payment analysis — add monthly extra payments and see how much faster you pay off your home loan.
- CSV export — download the complete amortization schedule as a spreadsheet-ready CSV file, free and with no signup.
Use cases
- Home buyers comparing mortgage offers from different lenders before making an offer.
- First-time buyers learning how down payment size affects monthly mortgage payments.
- Homeowners deciding whether refinancing to a shorter term saves enough interest to be worth it.
- Real estate agents providing clients with quick payment estimates during property tours.
- Budget planners forecasting total housing costs including property tax and insurance for financial planning.
Popular ways to use this tool
- Compare a 30-year fixed vs. a 15-year fixed mortgage to see total interest savings.
- Calculate FHA loan payments with PMI to understand the true cost of a low down payment.
- Use the extra payment field to see how paying an additional $200/month shortens your loan.
- Model VA loan scenarios with 0% down to see your monthly obligation with no upfront equity.
- Estimate PITI for different home price ranges to determine your maximum affordable home price.
FAQ
Is this mortgage calculator free?
Yes. It is free and runs locally in your browser — no payments or signups required.
Does it share or upload my financial data?
No. All processing happens on your device. Your data never leaves your browser.
How do I calculate my monthly mortgage payment?
Enter your home price, down payment, interest rate, and loan term — the mortgage calculator instantly computes your monthly principal and interest plus tax, insurance, and PMI.
Does it include property tax and insurance in the estimate?
Yes. You can input your property tax rate and annual insurance cost to get a complete PITI (Principal, Interest, Tax, Insurance) estimate for your home loan.
Can I compare two mortgage scenarios at once?
Yes. Enable comparison mode to enter a second set of loan terms and see both monthly payments and total costs side by side.
Is this an official bank or lender product?
No. This is an independent estimation tool. Results are for informational purposes only. Always consult a lender for official loan quotes.
How to use Mortgage Calculator — Free PITI, Amortization & Payment Estimator
- Enter your home price, down payment, interest rate, and loan term.
- Add property tax, home insurance, and HOA fees for a complete PITI estimate.
- View your full amortization schedule with principal vs interest breakdown by month.
Key features of Mortgage Calculator — Free PITI, Amortization & Payment Estimator
- Full PITI calculation: principal, interest, property tax, and home insurance
- Interactive amortization schedule showing every monthly payment breakdown
- Extra payment calculator — see how much faster you can pay off your mortgage
- Compare multiple loan scenarios: 15-year vs 30-year, different rates, varied down payments
- Export amortization table as CSV for financial planning or lender discussions
Mortgage Calculator — Free PITI, Amortization & Payment Estimator — key benefits
- Completely free with no signup or registration required.
- Runs entirely in your browser — your data is never uploaded.
- Works on desktop, tablet, and mobile devices.
- Instant results with no waiting or processing queues.
- Part of the ToolCircuit suite of free online finance tools tools.
Making Smart Home Financing Decisions
🏠 First-Time Home Buyer Planning
Use this mortgage calculator to understand your monthly payment before house hunting. Test different down payment amounts to see how they affect your mortgage payment and total interest.
🔄 Refinance Analysis
Compare your current loan against new rates. See exactly how much a lower interest rate saves over the life of your home loan — including closing costs.
💨 Accelerated Payoff Strategy
Add extra monthly or annual payments to see how much faster you can be mortgage-free. A free mortgage calculator with extra payment projections helps you set realistic goals.
🏗️ Investment Property Analysis
Run numbers on rental properties — calculate cash flow by comparing PITI against expected rent to determine if a property will be profitable.
Mortgage Tips for Lower Payments
- A 20% down payment eliminates PMI and typically gets you the best interest rates — use this calculator to see the exact savings.
- One extra payment per year on a 30-year mortgage can reduce your loan term by 4–5 years and save tens of thousands in interest.
- Property taxes and insurance vary significantly by location — get accurate local estimates before relying on national averages for your mortgage payment calculator results.
- Compare mortgage amortization schedules between 15-year and 30-year terms — the interest savings can be six figures on a typical home loan.
Explore More Free Finance Tools
FAQ
What is PITI in a mortgage?
PITI stands for Principal, Interest, Taxes, and Insurance — the four components of a typical monthly mortgage payment. This calculator includes all four for an accurate estimate of your total housing cost.
How much house can I afford?
A common rule is that your monthly mortgage (PITI) should not exceed 28% of your gross monthly income. Use our calculator to test different home prices and see what fits your budget.
What's better: 15-year or 30-year mortgage?
A 15-year mortgage has higher monthly payments but saves tens of thousands in interest over the loan's life. A 30-year has lower payments but costs more in total interest. Compare both in this calculator to decide.
How do extra payments affect my mortgage?
Even small extra payments toward principal can shave years off your loan and save thousands in interest. Use the extra payments feature to see exactly how much you can save.
Does this include PMI?
PMI (Private Mortgage Insurance) is typically required if your down payment is less than 20%. This calculator focuses on PITI; add PMI separately if applicable to your scenario.