Free Mortgage Calculator 2025 | Estimate Home Loan Payments
Property Details
Loan Details
Additional Costs
Estimated Monthly Payment
Payment Breakdown
| Principal & Interest | $1,773 |
| Property Taxes | $292 |
| Home Insurance | $125 |
| PMI | $0 |
| HOA Fees | $0 |
| Total Monthly Payment | $2,190 |
Principal & Interest: The portion of your payment that goes toward repaying the loan and interest charged by the lender.
Property Taxes: Annual taxes assessed by your local government, paid monthly.
Home Insurance: Monthly cost of insuring your home against damage or loss.
PMI: Private Mortgage Insurance, required if your down payment is less than 20%.
HOA Fees: Monthly fees for homeowners association services, if applicable.
Loan Details
2025 Annual Cost Breakdown
Amortization Schedule
Total Interest Saved: $0
New Pay-off Date: May 2055
| Year | Principal | Interest | Taxes/Fees | Balance |
|---|---|---|---|---|
| 2025 | $4,876 | $16,470 | $5,700 | $267,545 |
How to Use Our 2025 Mortgage Payment Calculator
- Select your country and nearest city for accurate rates
- Choose a data source for Property Details and Loan Details (e.g., Custom or city-based)
- Enter or adjust home price, down payment, loan term, and interest rate
- Include additional costs like property taxes, insurance, and HOA fees
- Explore the payment breakdown and amortization schedule
2025 Mortgage Calculator FAQs
How accurate is this mortgage affordability calculator?
Our calculator provides estimates within 1-2% of actual payments when using accurate local tax and insurance rates. For precise figures, consult with a mortgage lender. You can also explore additional tools like the Home Loan Calculator for further insights.
What’s included in the monthly payment estimate?
We calculate principal, interest, property taxes, homeowners insurance, PMI (if applicable), and HOA fees – everything included in a typical mortgage payment.
How does down payment affect my mortgage?
A larger down payment (20%+) lowers your monthly payment, eliminates PMI, and reduces total interest paid. Even 5-10% down can make homeownership achievable.
15-year vs 30-year mortgage: Which is better?
15-year loans have higher payments but save thousands in interest. 30-year loans offer lower payments but cost more long-term. Use our house payment calculator to compare both options.
