How is a mortgage payment calculated?

It uses the EMI formula: P × r × (1+r)^n ÷ ((1+r)^n − 1), where r is the monthly interest rate and n is the number of monthly payments.

Does this include taxes or insurance?

No. It calculates principal and interest only. Property taxes, insurance and fees are separate.

Yes. It is free, runs in your browser, and nothing you enter is uploaded.

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Estimate your monthly mortgage payment (EMI) and total interest for any loan amount, rate and term — instantly and privately.

Loan amount

Annual interest rate (%)

Loan term (years)

EMI = P × r × (1+r)^n ÷ ((1+r)^n − 1)
r = annual rate ÷ 12 ÷ 100, n = years × 12
Total interest = EMI × n − P

It uses the EMI formula: P × r × (1+r)^n ÷ ((1+r)^n − 1), where r is the monthly rate and n is the number of monthly payments.

No. It calculates principal and interest only. Taxes, insurance and fees are separate.

Yes — the calculation runs entirely in your browser.

Yes, every calculator is completely free, with no signup and no limits.

No. Everything runs in your browser — no install, no account.