Free Mortgage Calculator — Monthly Payment & Amortization
Estimate your monthly mortgage payment, total interest and amortization schedule, and see how extra payments cut your loan — free and private.
How to use the Mortgage Calculator
- Enter Home Price: Enter the home price in the Loan Amount field
- Enter Down Payment: Enter your down payment amount or percentage
- Enter Interest Rate: Enter the annual interest rate
- Select Loan Term: Select the loan term (15 or 30 years)
- Calculate: Click Calculate to see your monthly payment, total interest, and full amortization schedule
Frequently Asked Questions
How do I calculate my mortgage payment?
Enter your loan amount, interest rate, and loan term into FixFlowHub's free mortgage calculator. It instantly calculates your monthly payment using the formula: M = P[r(1+r)^n]/[(1+r)^n-1].
What is a good mortgage interest rate in 2026?
A good mortgage rate depends on your credit score and loan type. In 2026, rates typically range from 6% to 8% for a 30-year fixed mortgage. Use our calculator to compare different rates.
How much house can I afford?
A general rule is your monthly mortgage payment should not exceed 28% of your gross monthly income. Use our mortgage calculator to find a comfortable monthly payment.