Our Home Loan Calculator helps you estimate your monthly mortgage payments based on loan amount, interest rate, loan term, and other key factors like property taxes and insurance. Whether you're a first-time homebuyer or refinancing, this tool gives you the financial clarity to plan your homeownership with confidence.
A home loan, also known as a mortgage, is a long-term loan you take out from a lender to purchase real estate. You repay the loan over a set number of years, typically 15, 20, or 30, with interest.
Each monthly payment typically includes:
To use the calculator, simply enter:
The calculator will instantly show:
Say you're buying a home with:
Your monthly principal + interest = ~$1,342
Total estimated monthly payment = ~$1,642 including taxes and insurance.
✅ Quick comparisons of different loan amounts or rates
✅ Helps you budget accurately before buying a home
✅ Shows total interest costs over time
✅ Assists in understanding affordability and loan impact
✅ Saves time before talking to a bank or mortgage broker
This tool is useful for:
Fixed-rate mortgage: Your interest rate stays the same for the life of the loan. Predictable and stable.
Adjustable-rate mortgage (ARM): Starts with a lower rate, which may increase after a few years. Riskier, but potentially lower initial payments.
Use the calculator to compare both scenarios.
Buying a home is one of the biggest financial decisions you’ll ever make. Use our free Home Loan Calculator to explore loan options, compare interest rates, and estimate monthly costs — all in seconds.
Take control of your home financing and make smarter, more informed decisions.