MortgageDaily has been helping homebuyers, owners, and industry professionals make informed mortgage decisions for over 25 years. Our calculators are built for accuracy, updated regularly, and completely free — no sign-up, no hidden fees, no upsells.

Whether you're calculating your first mortgage payment, comparing a refinance, or deciding between FHA and conventional, these tools give you instant, reliable estimates based on real inputs.

Instant Results

All calculators update in real time as you type — no "calculate" button needed.

Download Your Schedule

Export your full amortization schedule as a CSV file for Excel or Google Sheets.

Mobile Friendly

Every calculator is fully responsive and works on any device — phone, tablet, or desktop.

No Sign-Up Required

Use every tool completely free, forever. No account, no email, no credit card.

All-In Payment Estimates

Every calculator includes taxes, insurance, HOA, and PMI — not just principal and interest.

Quick Guide

Which Calculator Do You Need?

I want to know my monthly payment Enter home price, rate, and term to see full P&I + taxes + insurance breakdown

Mortgage Calculator →

I want to know how much house I can afford Based on your income, debts, down payment, and DTI limits

Affordability Calculator →

I want to see my full payment schedule Month-by-month principal vs. interest breakdown with extra payment modeling

Amortization Calculator →

I'm thinking about refinancing Compare current vs. new payment and find your break-even point on closing costs

Refinance Calculator →

I'm a first-time buyer with less than 20% down FHA loans allow 3.5% down with a 580+ credit score — includes MIP calculation

FHA Calculator →

I'm a veteran or active-duty service member $0 down, no PMI, and competitive rates — includes VA funding fee presets

VA Calculator →

FAQ

Mortgage Calculator FAQ

Are these mortgage calculators free?

Yes — every calculator on MortgageDaily is completely free to use, forever. No account required, no email sign-up, no credit card. We've provided free mortgage tools since 1998.

How accurate are the payment estimates?

Our calculators provide reliable estimates based on your inputs. Actual payments may vary slightly based on lender-specific rounding, exact closing dates, and local tax/insurance variations. Always confirm final numbers with your lender before committing to a loan.

What's the difference between FHA and conventional loans?

FHA loans are government-insured, allowing lower down payments (3.5%) and credit scores (580+), but require mortgage insurance for the life of the loan. Conventional loans typically need stronger credit and a larger down payment, but PMI can be removed once you reach 20% equity. Use both calculators to compare your specific scenario.

What is DTI and why does it matter?

DTI (Debt-to-Income ratio) is the percentage of your gross monthly income that goes toward debt payments. Most lenders want a back-end DTI below 43%. A lower DTI means you qualify for more — use our DTI Calculator to see exactly where you stand before applying.

Where can I find official mortgage guidance?

For official consumer guidance on mortgages, visit the Consumer Financial Protection Bureau (CFPB). For FHA and government loan programs, see HUD.gov. For VA loan eligibility and benefits, visit the U.S. Department of Veterans Affairs.