Free In-Browser Mortgage Payment Calculator
Calculate monthly principal, interest, taxes, home insurance, and PMI with full amortization schedule for USA, Canada, and UK.
📊 Amortization Schedule Preview (First 5 Years)
| Year | Principal Paid | Interest Paid | Remaining Balance |
|---|
About Mortgage Calculator - Monthly Payment & Amortization
A mortgage is typically the largest financial liability a household assumes. This in-browser calculator accurately predicts monthly Principal & Interest (P&I), property taxes, homeowners insurance, and lifetime interest accrual without transmitting your financial profile to any third party.
💡 How to Use This Calculator
- Select your preferred currency (USD $, CAD C$, GBP £).
- Enter the target purchase price and down payment.
- Adjust the fixed loan term (15, 20, 25, or 30 years) and current interest rate.
- View real-time PITI monthly payments and the full amortization trajectory.
Where: M = Monthly Payment, P = Loan Principal, i = Monthly Interest Rate (r / 12), n = Total Months (Years × 12)
⚡ Key Features & Considerations
🌍 Multi-Currency Support
Seamlessly toggle between US Dollar, Canadian Dollar, and British Pound.
📉 Full PITI Breakdown
Computes Principal, Interest, Property Taxes, and Homeowners Insurance simultaneously.
🔒 100% Client-Side Privacy
All calculations run in device memory; no financial data is ever transmitted or logged.
Frequently Asked Questions
What is the difference between P&I and PITI?
P&I stands for Principal and Interest—the cost of borrowing the money. PITI adds Property Taxes and Homeowners Insurance, which are escrowed into your actual monthly mortgage payment.
How does loan term affect total interest?
A 15-year mortgage requires higher monthly payments but cuts total lifetime interest paid by more than 50% compared to a standard 30-year mortgage.
How does Canadian mortgage compounding differ from the US?
In Canada, fixed-rate mortgages are compounded semi-annually by law, whereas US mortgages compound monthly. This calculator supports standardized monthly equivalent adjustments.