Mortgage Payment Tools
Buying a home is one of the largest financial decisions you can make. Our mortgage payment tools help you estimate your monthly payments, break down principal and interest, and determine exactly how much house you can afford.
Calculators
Our free online mortgage payment tools to help you calculate and plan.
Related Guides
Learn more with our comprehensive guides and articles.
How Mortgage Amortization Works
Understand the timeline of your home loan. Learn why early mortgage payments consist mostly of interest and how extra payments can save you thousands.
What Credit Score Do You Need for a Mortgage?
Understand the minimum credit score requirements for different types of mortgages and how your score impacts your interest rate.
How Much Mortgage Can I Afford?
Learn the rules of thumb for housing affordability and how lenders determine your maximum mortgage amount.
Glossary Terms
Key definitions you should know.
Worked Examples
Step-by-step examples showing exactly how the math works.
Buying a $400,000 Home with 20% Down
By putting 20% down, the buyer avoids Private Mortgage Insurance (PMI). However, over the 30-year term at a 6.5% interest rate, the buyer will actually pay more in interest ($408,144) than the original loan amount itself ($320,000).
View in Calculator →Frequently Asked Questions
What is included in a mortgage payment?
A standard mortgage payment includes principal and interest. It may also include property taxes and homeowners insurance if they are held in escrow.
How does amortization work?
Amortization is the process of paying off debt over time in regular installments. Early on, a larger portion of your payment goes toward interest. Over time, more goes toward the principal.