How is a mortgage payment calculated?

Monthly payment = P × [r(1+r)^n] ÷ [(1+r)^n – 1], where P is the loan amount, r is the monthly interest rate, and n is the number of payments.

Does the mortgage calculator include taxes and insurance?

This calculator covers principal and interest (P&I). Property taxes, homeowner's insurance, and PMI add to your actual monthly payment.

How much house can I afford?

A common guideline is that your monthly housing costs (PITI) should not exceed 28% of your gross monthly income.

Mortgage Calculator

Calculate monthly mortgage payments, total interest paid, and amortization summary.

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About Mortgage Calculator

Calculate monthly mortgage payments, total interest paid, and amortization summary. Powered by JustUse.me — free, ad-free, and private. This tool runs entirely in your browser. Your files are never uploaded to any server.

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