Simple Mortgage Payment Calculator
About This Mortgage Calculator
This is one of the best simple mortgage calculators available for free to help you estimate your monthly mortgage payments online. Simply enter your loan amount, length in years, and the interest percentage rate details to calculate your estimated monthly payments.
This simple mortgage calculator can be used to calculate the monthly payment amount for any home loan or personal loan with fixed monthly payments.
It can be used to calculate monthly payments for residential real estate properties such as a condo, house, or second home. It can also be used to estimate your monthly payment on a commercial property such as large buildings and small office space.
Typical home loans are generally fifteen, twenty, thirty and forty years long. However, 30 years is by far the most common mortgage loan length.
It is important that you understand there will likely be other common fees associated with your mortgage payment that are not included in this simple mortgage payment calculator. You should contact a mortgage lender to ask which other fees you’ll need to consider and include in your calculations.
To get more accurate results here are some additional factors to ask your mortgage broker about: your annual property taxes, mortgage insurance, home insurance and loan start date.
Although we make a reasonable effort to provide you with helpful and accurate information, this tool should not be considered legal advice. Please seek the advice of a qualified mortgage lending professional to get the most accurate information as it pertains to your particular circumstances.