Loans & Mortgages6 options compared

Mortgage calculator

Estimates monthly mortgage payments and total home ownership costs using key financial variables. The tool allows users to input loan details, including principal amounts, interest rates, and loan terms, to generate comprehensive payment schedules. It further accommodates various associated housing expenses by providing fields for property taxes, Private Mortgage Insurance (PMI), Homeowners...

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Editors’ Top PickBased on community votes
Other OptionsRanked by votes
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    Calculator.net
    calculator.net

    Free mortgage calculator to find monthly payment, total home ownership cost, and amortization schedule with options f...

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Side by side

Mortgage calculator options compared

ToolBest forStrengthsLimitations
Financial Toolset
financialtoolset.com
Seeing what you can truly afford
  • Shows gap between lender approval and realistic budget
  • Includes down payment percentage for affordability range
  • Fewer unit options
  • Ads on the page
Omni Calculator
omnicalculator.com
Detailed amortization schedules
  • Clear breakdown of interest vs principal
  • Includes PMI and total payable amount
  • Limited customization for tax/HOA fields
  • Payment frequency options may overwhelm casual users
Calculator.net
calculator.net
Full cost breakdown with taxes and HOA
  • Includes taxes, PMI, HOA, and early payoff options
  • Free with no account required
  • Basic interface, fewer visual aids
  • Fewer unit system options
RapidTables
rapidtables.com
Quick educational calculations
  • Simple input fields, educational purpose stated
  • Multiple calculation types (payment, term, amount)
  • Basic functionality, no advanced cost fields
  • Educational only disclaimer
Bankrate Calculators
bankrate.com
Trustworthy brand with tax/insurance options
  • Established brand name, includes property tax and insurance
  • Comprehensive monthly projection
  • Community votes: 0, suggesting less user testing
  • May have hidden fees or lead gen focus
NerdWallet Financial Calculators
nerdwallet.com
Including HOA and comprehensive housing costs
  • Explicitly includes taxes, insurance, HOA dues
  • Processes down payment size for full picture
  • Community votes: 0
  • NerdWallet focus may prioritize product recommendations over pure calculation

Buyer's guide

How to choose a mortgage calculator

When picking a mortgage calculator, the number one thing to check is whether it includes property taxes, insurance, and HOA fees — these can add hundreds to your monthly payment and are often omitted in basic tools. Also look at what the tool does with the down payment: some show you a price range you can comfortably carry, while others just calculate a payment based on the loan amount you enter. If you want to see how different loan terms affect total interest over time, choose a tool that generates an amortization schedule rather than just a monthly payment number.

Questions

Mortgage calculator FAQ

Can I use a mortgage calculator to compare different loan terms like 15 vs 30 years?
1-3 sentence answer grounded in the material
Do mortgage calculators include property taxes and homeowners insurance?
1-3 sentence answer grounded in the material
What's the difference between the loan amount and the home price in a mortgage calculator?
1-3 sentence answer grounded in the material
How accurate are mortgage calculators for planning purposes?
1-3 sentence answer grounded in the material
Can I calculate PMI with a mortgage calculator?
1-3 sentence answer grounded in the material
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