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Free Mortgage Calculator With Taxes & Interest - Genial Things
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MortgageCalculator

Calculate Your Monthly Mortgage Payments Instantly

Estimate monthly payments, total interest, taxes, and loan costs with our free Mortgage Calculator in seconds. No signup required.

Monthly Payments
Interest Breakdown
Extra Costs Included
Amortization Overview
Instant Results

Mortgage Calculator ✦

Enter your loan details and get accurate mortgage payment estimates instantly.

1. LOAN DETAILS
Home Price
$
Down Payment
$ 20 %
Loan Amount
$
Interest Rate (%)
%
Loan Term
Property Tax (Yearly)
$
Home Insurance (Yearly)
$
2. RESULTS
Calculated
Monthly Payment
$ 1,725.35
Total of 360 Payments
$ 621,126.42
Total Interest
$ 271,126.42
Principal Paid
$ 350,000.00
Principal 56.4%
Interest 43.6%
Taxes & Ins. —
AMORTIZATION OVERVIEW
Total Payments
360
Loan Term
30 Years
Monthly Payment
$ 1,725.35
Interest Rate
6.25%
Total Payment
$ 621,126.42
100% FREE •No Signup Required •No Limits •No API Key •Works on All Devices
Home BuyersPlan your dream home budget
Real Estate AgentsCreate accurate loan estimates
HomeownersRefinance and save more money
Financial PlannersAnalyze loan options confidently
InvestorsEvaluate property investments
StudentsLearn mortgage calculations
HOW IT WORKS

How to Use the Mortgage Calculator

Three simple steps to calculate your monthly mortgage payment and full loan breakdown in seconds.

1

Enter Loan Details

Add your home price, down payment amount, annual interest rate, and loan term in years. You can also include yearly property tax and home insurance for a more accurate monthly estimate.

2

Calculate Monthly Payments

The calculator instantly estimates your monthly mortgage costs including principal, interest, property tax, and insurance. Results update automatically as you change any input value.

3

Review Loan Breakdown

Study the full cost breakdown showing principal paid, total interest, number of payments, and the pie chart visualization of how your payments are split across each cost category.

WHY USE IT

Why Use a Mortgage Calculator?

Make smarter home buying decisions by understanding exactly what you will pay each month before you sign.

Plan Your Budget

Understand monthly home ownership costs before making any commitment. Knowing your payment helps you set a realistic budget and avoid overextending financially on a property.

Compare Loan Offers

Evaluate how different interest rates, loan terms, and down payment amounts affect your monthly payment and total loan cost. Quickly compare 15-year vs 30-year mortgages side by side.

Estimate Affordability

Find a payment range that fits your current income and financial situation. Most financial advisors recommend keeping housing costs under 28% of your gross monthly income.

Make Better Financial Decisions

See the full picture of total interest paid over the loan life, not just monthly payments. Understanding the true cost of a mortgage helps you negotiate better and plan long-term savings.

FEATURES

Key Features

Everything you need to estimate, analyze, and understand your mortgage costs in one free tool.

Free mortgage calculator online
Monthly payment estimation
Interest and loan breakdowns
Down payment calculations
Property tax & insurance included
Visual payment breakdown chart
Mobile and desktop compatible
No signup required
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FAQ

Frequently Asked Questions

Everything you need to know about using the free Mortgage Calculator.

Is the Mortgage Calculator free?
Yes. The Mortgage Calculator is completely free to use with no signup, no hidden fees, and no limits. All calculations happen directly in your browser.
Can I calculate mortgage interest?
Yes. The calculator estimates the total interest you will pay over the full loan term, displayed alongside the principal and other costs in the results panel and payment breakdown chart.
Does the calculator include property taxes?
Yes. You can enter your yearly property tax and home insurance amounts. These are divided by 12 and added to your monthly payment for a complete PITI (Principal, Interest, Taxes, Insurance) estimate.
How is the monthly mortgage payment calculated?
The tool uses the standard amortization formula: M = P × [r(1+r)^n] / [(1+r)^n − 1], where P is the loan principal, r is the monthly interest rate (annual rate ÷ 12 ÷ 100), and n is the total number of monthly payments. Monthly property tax and insurance are added on top.
What is the difference between a 15-year and 30-year mortgage?
A 15-year mortgage has higher monthly payments but significantly lower total interest paid — typically less than half the interest of a 30-year term. A 30-year mortgage offers lower monthly payments, making it easier to qualify, but costs far more in total interest over the life of the loan. Use the calculator to compare both scenarios side by side.

Plan Smarter. Borrow Better. Build Your Future.

Calculate mortgage payments, compare loan options, and make confident decisions.

Calculate My Mortgage
100% Free • No Signup • No Limits