Mortgage Calculator

The Mortgage Calculator is built to evaluate true ownership cost rather than principal and interest in isolation. It helps you compare scenarios using taxes, insurance, extra payments, and amortization effects so affordability decisions are grounded in full monthly and lifetime costs. This route is most valuable before making offer decisions, refinancing, or choosing between competing loan structures. Use multiple rate and down-payment assumptions to see how sensitive monthly obligations and total interest are to small financing changes. Pair this with rent-versus-buy analysis for location-specific decisions. The goal is not to predict the market perfectly, but to make a financing decision that fits your budget, risk tolerance, and expected time horizon in the property. Estimate monthly mortgage payments, total borrowing cost, and amortization with taxes, insurance, and extra principal. Review assumptions before acting and compare more than one scenario to reduce planning risk.