Advanced Mortgage Calculator

Loan Information

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Taxes and Insurance

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Financial Analysis

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How To Use Our Mortgage Calculator

  • 1
    Enter the loan amount — typically the purchase price minus your down payment.
  • 2
    Input the annual interest rate as a percentage.
  • 3
    Enter your loan term in years.
  • 4
    Your monthly principal and interest payment calculates instantly.
  • 5
    To estimate your full monthly cost, add property taxes, insurance, and any HOA fees to this figure separately.

Understanding Your Results

 

  • Monthly Payment (P&I) is your principal and interest obligation each month for the life of the loan. This is the core number lenders use when qualifying buyers and the figure that most directly affects your monthly cashflow on an investment property.

  • How rate affects payment: Even a half-point difference in interest rate meaningfully changes your payment over a 30-year term. Use this calculator to quickly compare scenarios before locking a rate.

  • How term affects payment: A 15-year loan carries a higher monthly payment than a 30-year loan at the same rate, but significantly less total interest paid over the life of the loan. Run both to understand the tradeoff.

More Calculators

Investment Deal Analyzer Calculator

Run the numbers on any potential acquisition in seconds. Enter your purchase price, loan terms, income, and expenses to instantly see cap rate, cash-on-cash return, GRM, and monthly cashflow.

Debt Service Coverage Ratio (DSCR) Calculator

Find out whether a property's rental income can cover its debt payments. Enter your loan details and monthly income to calculate your DSCR — a key metric lenders use to evaluate investment property financing.

ROI Calculator

Quickly estimate the return on any real estate investment. Enter what you put in and what you got back to see your profit or loss as a simple percentage.

Mortgage Calculator

Estimate your monthly mortgage payment before you make an offer. Enter the loan amount, interest rate, and term to see your principal and interest payment instantly.