Mortgage Calculator
Calculate your monthly mortgage payments, total interest, and amortization schedule
Plan your home purchase with detailed payment breakdowns and affordability analysis
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Mortgage Calculator Settings
Enter your loan details to calculate monthly payments and total costs
This mortgage calculator helps you understand the true cost of homeownership. It calculates monthly payments, total interest, and provides a detailed amortization schedule. Perfect for comparing different loan options and planning your budget.
Did You Know?
The first mortgage in the United States was recorded in 1636 in Plymouth Colony, Massachusetts, for a house worth £200.
The 30-year fixed-rate mortgage became popular in the 1930s as part of the New Deal to help Americans buy homes during the Great Depression.
The average American homeowner pays about $1,200 per month in mortgage payments, but this varies significantly by location and home value.
These facts help provide context and educational value about the tool's purpose and history.