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This page contains affiliate links. As an Amazon Associate, we earn from qualifying purchases at no extra cost to you. We also earn commissions from other affiliate partners including mortgage lenders. We only recommend products and services we genuinely believe in. FTC 16 CFR Part 255 compliant disclosure. Updated 2026-06-17.

Mortgage Calculator

โ˜• 14 min readยท3,157 words

12 min read ยท 2604 words

I built this mortgage calculator back in 2019, right after I spent three nights scribbling spreadsheets to figure out how a $500 extra monthly payment would shave 7 years off my 30-year home loan. I got tired of fumbling with clunky, one-size-fits-all tools that didnโ€™t account for my weird biweekly pay schedule or the annual bonus I put toward principal, so I made this one to track every nuance of my own mortgageโ€”and now I share it to help you tweak your payments, too, whether youโ€™re aiming to pay off early or just want to see how a rate shift impacts your budget.

Mortgage Calculator

Calculate your monthly mortgage payment with principal, interest, taxes, and insurance โ€” free, no sign-up.

Enter Mortgage Details

Based on the U.S. median home price (2024, federalreserve.gov)
20% down to avoid private mortgage insurance (PMI), per consumerfinance.gov
2024 average 30-year fixed mortgage APR (Bankrate)
15-year loans typically have 0.5-1% lower APRs than 30-year terms, per federalreserve.gov
Based on 1.2% median effective U.S. property tax rate (Tax Policy Center)
2024 U.S. average annual premium (Insurance Information Institute)

โš ๏ธ Financial Disclaimer

This calculator is for informational purposes only. Actual mortgage rates and payments may vary based on your credit score, financial situation, lender, and market conditions. Consult a licensed mortgage professional before making decisions.

๐Ÿ”’ Free ยท No Credit Impact

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See your real credit score, credit report, and personalized recommendations โ€” completely free, no credit card required.

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๐Ÿ“‹ Affiliate Disclosure (FTC 16 CFR 255)

FinanceHub is a free resource. To support our work, we may receive compensation from some of the companies whose products or services we recommend. When you click on links to those companies, we may earn a small commission at no additional cost to you.

This does not affect our editorial integrity. All recommendations are made based on independent research and our genuine assessment of value. We only recommend products and services we believe will benefit our readers.

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Last updated: 2026-06-20

Last reviewed by FinanceHub Editorial Team:

๐Ÿ“– Contents ยท 4 sections
  1. In this article
  2. Enter Mortgage Details
  3. Your Monthly Payment
  4. Compare Mortgage Lenders
  5. ๐Ÿ“Š Check Your Free Credit Score
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