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Free Mortgage Calculator | Home Loan Payment Calculator with Amortization

/mortgage
Free online mortgage payment calculator with detailed amortization schedule. Calculate monthly payments, total interest, and principal for home loans. Get instant results for fixed-rate mortgages including monthly payment breakdown, total cost of loan, and complete amortization table. Perfect for home buyers, refinancing, and financial planning.
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Parameters

principal undefined
Loan amount in dollars or any currency (e.g., 300000)
rate undefined
Annual interest rate as percentage (e.g., 6.5 for 6.5% per year)
years undefined
Loan term in years (e.g., 30 for 30-year mortgage)
schedule undefined
Amortization schedule detail: "full" for all payments, "summary" for monthly payment only (default: summary)
currency undefined
Currency symbol or code (e.g., $, €, £, ¥, CHF, INR) (default: $)

Examples

curl 
curl 'https://tcpdata.com/mortgage?principal=300000&rate=6.5&years=30'
curl 
curl 'https://tcpdata.com/mortgage?principal=500000&rate=7.0&years=15'
curl 
curl 'https://tcpdata.com/mortgage?principal=250000&rate=5.5&years=20'

Notes

Formula: M = P × [r(1 + r)^n] / [(1 + r)^n - 1]

Where: M = Monthly Payment, P = Principal, r = Monthly Interest Rate, n = Number of Payments

Common loan terms: 15, 20, or 30 years

Typical interest rates: 3-8% depending on market conditions and credit score

Monthly payment includes principal and interest only

Additional costs not included: property taxes, homeowners insurance, HOA fees, PMI

Amortization schedule shows payment breakdown for entire loan term