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Mortgage Calculator

Calculate your monthly payment, total interest, and view a full amortization schedule.

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$0
Monthly Payment
P&I
$0
Tax
$0
Insurance
$0
Loan Amount
$0
Total Interest
$0
Total Cost
$0
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Amortization Schedule

YearPrincipalInterestBalance
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How Does a Mortgage Calculator Work?

Uses the standard amortization formula: M = P[r(1+r)^n]/[(1+r)^n–1] where M is monthly payment, P is principal, r is monthly rate, n is total payments.

Tips for Better Rates

  • Improve credit score — even 20 points helps
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  • Consider 15-year terms for interest savings
  • Lock your rate once found