Mortgage Calculator

Calculate mortgage payments and interest

Mortgage Calculator

Calculate monthly payments, total interest, and amortization schedule for all types of mortgages in any US state

Loan Details

Mortgage Summary

Monthly Payment: -
Total Principal: -
Total Interest: -
Total Cost: -
Payoff Date: -

Payment Breakdown

■ Principal ■ Interest

Financial Advice

Disclaimer: This is general advice only. Financial decisions should be made after careful consideration of your personal circumstances. You are responsible for any decisions based on this information.

Amortization Schedule

Payment # Date Payment Principal Interest Balance

Fill in the loan details and click "Calculate" to view the amortization schedule

About Our Mortgage Calculator

Our free mortgage calculator helps you estimate mortgage payments for properties in all US states including Alabama, Alaska, Arkansas, Delaware, Hawaii, Idaho, Kansas, Kentucky, Louisiana, Maine, Montana, Nebraska, New Hampshire, New Mexico, and Oklahoma.

We offer specialized calculations for different property types including:

  • Land mortgage calculations for undeveloped property
  • Mobile home mortgage and manufactured home mortgage calculations
  • Traditional home mortgage calculations for houses and condos

Explore different payment frequencies including monthly, bi-weekly, and bimonthly options, and try different mortgage types such as fixed-rate, adjustable rate (ARM), and balloon mortgages.

Our calculator can help you find ways to pay off your mortgage faster by showing how extra payments or different payment schedules affect your loan.

This calculator is for informational purposes only. The results are estimates based on the information you provide and may not reflect actual loan offers from lenders.

How to use this tool

About Our Free Mortgage Calculator

A mortgage is a loan used to purchase real estate where the property serves as collateral. Our calculator helps you estimate monthly payments, total interest costs, and view an amortization schedule based on your loan details for properties in all US states including Alabama, Arkansas, Idaho, Kansas, Kentucky, Louisiana, Maine, Montana, Nebraska, New Hampshire, Oklahoma, Alaska, Delaware, Hawaii, and New Mexico.

How to Use This Mortgage Payment Calculator

  1. Enter your Loan Amount (the principal you're borrowing)
  2. Specify the Interest Rate (annual percentage rate)
  3. Select your Loan Term (how many years to repay)
  4. Choose your Payment Frequency (monthly, bi-weekly, bimonthly, or weekly)
  5. Select your Mortgage Type (fixed-rate, adjustable rate/ARM, or balloon mortgage)
  6. Choose your Property Type (house, condo, land, mobile home, or manufactured home)
  7. Set the Property State where your property is located
  8. Set the Start Date (when payments begin)
  9. Optionally include Property Tax and Home Insurance for a complete payment estimate
  10. Click the Calculate button to see your results
  11. Use the Pay Off Faster button to see options for paying off your mortgage sooner
  12. Use the Reset button to clear your inputs and start over

Understanding the Results

  • Monthly Payment: The amount you'll pay each period toward principal and interest
  • Total Principal: The original loan amount
  • Total Interest: The total interest you'll pay over the life of the loan
  • Total Cost: Principal plus interest (the full cost of the loan)
  • Payment Breakdown: Visual representation of how much of your payment goes to principal vs. interest
  • Amortization Schedule: A detailed payment schedule showing how each payment is applied to principal and interest

Specialized Mortgage Calculations

Property Type Options

  • Land Mortgage Calculator: For undeveloped properties (typically higher rates, shorter terms)
  • Mobile Home Mortgage Calculator: For manufactured housing on non-permanent foundations
  • Manufactured Home Mortgage Calculator: For factory-built homes placed on permanent foundations
  • Traditional Home Mortgage: For standard houses and condominiums

Payment Frequency Options

  • Monthly: Standard payment schedule (12 payments per year)
  • Bi-weekly Mortgage Calculator: Pay half of your monthly payment every two weeks (26 payments/year)
  • Bimonthly Mortgage Calculator: Make payments twice per month (24 payments/year)
  • Weekly: Make smaller, more frequent payments (52 payments/year)

Mortgage Type Options

  • Fixed-Rate: Interest rate remains constant for the entire loan term
  • ARM (Adjustable Rate Mortgage) Calculator: Interest rate may change after an initial fixed period
  • Balloon Mortgage Calculator: Lower monthly payments with a large final payment

Pay Off Mortgage Faster Calculator

Use our "Pay Off Faster" button to see how you can reduce your loan term and save on interest through:

  • Making bi-weekly payments instead of monthly payments
  • Adding extra amounts to your regular payment
  • Understanding how much time and money you can save

State-Specific Mortgage Information

Our calculator supports mortgage calculations for all states, with special attention to Alabama mortgage calculator, Arkansas mortgage calculator, Idaho mortgage calculator, Kansas mortgage calculator, Kentucky mortgage calculator, Louisiana mortgage calculator, Maine mortgage calculator, Montana mortgage calculator, Nebraska mortgage calculator, New Hampshire mortgage calculator, Oklahoma mortgage calculator, Alaska mortgage calculator, Delaware mortgage calculator, Hawaii mortgage calculator, and New Mexico mortgage calculator options.

Mortgage Tax Calculator

By checking the "Include Property Tax" option, our calculator functions as a comprehensive mortgage tax calculator, factoring in your annual property tax payments as part of your total housing costs. This gives you a more accurate picture of your true monthly expenses.

Note: This calculator provides estimates only. Actual loan terms, rates, and fees may vary. Contact a mortgage professional for specific advice about your situation.

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