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Mortgage Calculator

Calculate mortgage payments, analyze affordability, and understand your home buying potential. Get detailed breakdowns including taxes, insurance, and PMI.

Mortgage Details
Enter your home purchase and loan information

Affordability Analysis (Optional)

Mortgage Tips & Guidelines
Important considerations for your mortgage decision
20% Down Payment
Putting down 20% avoids PMI and reduces monthly payments
28% Rule
Housing costs should not exceed 28% of gross monthly income
36% Total Debt
Total monthly debt payments should be under 36% of income
Emergency Fund
Keep 3-6 months of expenses saved after buying a home
Professional Mortgage Calculator
Calculate mortgage payments, affordability, and get detailed amortization schedules. Include PMI, taxes, and insurance for accurate monthly payment estimates.

Instant Results

Get accurate mortgage payments and affordability analysis instantly

Complete Analysis

PMI, taxes, insurance, and total monthly payment breakdown

100% Private

Your financial information never leaves your device

Detailed Reports

Full amortization schedule and payment breakdown

Why Choose Toolspy's Mortgage Calculator?
Compare our comprehensive features with other mortgage calculators
FeatureToolspyBankrateZillowQuicken
PMI Calculations
✅ Automatic PMI
✅ Basic PMI✅ PMI included❌ Manual entry
Amortization Schedule
✅ Detailed breakdown
✅ Monthly view❌ Basic✅ Full schedule
Affordability Analysis
✅ Complete analysis
✅ Basic check❌ Limited❌ None
Privacy Protection
✅ Client-side only
❌ Data tracking❌ Lead generation❌ Marketing calls
No Registration
✅ Completely free
❌ Account suggested❌ Registration required❌ Contact required
Mobile Experience
✅ Responsive design
✅ Mobile app✅ Mobile optimized❌ Desktop focused
Benefits of Mortgage Planning

Budget Planning

Know exactly what you can afford before house hunting

Interest Savings

Compare scenarios to minimize total interest paid

PMI Optimization

Understand when you can remove PMI to save money

Payment Strategy

See the impact of extra payments on loan payoff

Rate Comparison

Compare different interest rates and loan terms

Complete Picture

Include all costs: taxes, insurance, and PMI

Frequently Asked Questions
Common questions about mortgage calculations and home buying

Ready to Calculate Your Mortgage?

Get instant mortgage calculations with detailed breakdowns. Plan your home purchase with confidence using our comprehensive calculator.