Mortgage Calculator
Calculate monthly mortgage payments with property tax, insurance, and PMI. See payment breakdown, amortization schedule, and total cost — free online home loan calculator.
$1,916.96
$1,516.96
$690,106.77
Mar 2056
Amortization Schedule
| # | Payment | Principal | Interest | Balance |
|---|---|---|---|---|
| 1 | $1,516.96 | $216.96 | $1,300.00 | $239,783.04 |
| 2 | $1,516.96 | $218.14 | $1,298.82 | $239,564.90 |
| 3 | $1,516.96 | $219.32 | $1,297.64 | $239,345.58 |
| 358 | $1,516.96 | $1,492.58 | $24.39 | $3,009.45 |
| 359 | $1,516.96 | $1,500.66 | $16.30 | $1,508.79 |
| 360 | $1,516.96 | $1,508.79 | $8.17 | $0.00 |
About This Tool
- Uses standard amortization formula: M = P[r(1+r)^n]/[(1+r)^n-1]
- 100% client-side — your financial data never leaves your browser
- Includes property tax, insurance, and PMI in calculations
- Completely free with no registration or limits
Frequently Asked Questions
A mortgage calculator is a financial tool that helps you estimate your monthly home loan payments including principal, interest, property taxes, home insurance, and PMI. It gives you a complete picture of your housing costs before you buy.
Most conventional loans require 3-20% down payment. Putting down at least 20% eliminates the need for Private Mortgage Insurance (PMI), which can save you hundreds per month. A larger down payment also means lower monthly payments and less interest over the loan's life.
Private Mortgage Insurance (PMI) is required when your down payment is less than 20% of the home price. PMI protects the lender if you default on the loan. It typically costs 0.5-1% of the loan amount annually and is added to your monthly payment until you reach 20% equity.
Yes, VUREX Mortgage Calculator is completely free with no registration required. Calculate as many mortgage scenarios as you need with no limits — all processing happens in your browser.