Mortgage Calculator | UpTools

Mortgage CalculatorCalculate monthly mortgage payments, total interest, and loan amortization. Free online mortgage calculator.How it works

Enter the home price and down payment amount.

Set the annual interest rate and loan term (years).

View your monthly payment, total interest, and total cost.

FAQ

How is monthly mortgage calculated?

Monthly Payment = P × [r(1+r)^n] / [(1+r)^n – 1], where P = loan principal, r = monthly interest rate, n = total number of payments.

What is a good down payment?

A 20% down payment avoids PMI (Private Mortgage Insurance). However, FHA loans allow as low as 3.5% down.

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