Mortgage Calculator

A Mortgage Calculator helps you estimate your monthly mortgage payments based on the home price, down payment, interest rate, and loan term. It's an essential tool for home buyers to understand their budget and compare different loan scenarios before committing to a mortgage.

Enter the home price, your planned down payment amount, the annual interest rate (typically 6-8% in current markets), and select your loan term (30-year offers lower payments, 15-year saves on interest). The calculator will show your monthly payment, total interest paid, and total cost of the home over the life of the loan.