🏠 Free Mortgage Payment Calculator 2026
Calculate monthly payments, total interest cost, and full amortization schedule. Supports fixed and adjustable rate mortgages for USA, Canada, and Europe. Export detailed results as PDF.
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How to Use the Mortgage & Loan Calculator
Use Mortix free mortgage calculator to estimate monthly payments, total interest, and generate a full amortization schedule in seconds.
Enter Loan Amount
Type your home price or loan amount. Choose your region (USA, Canada, UK, EU) for correct currency and rate defaults.
Set Interest Rate & Term
Adjust the annual interest rate and loan term using the sliders. The calculator supports 1–30 year terms and rates from 0.1% to 20%.
Add Tax, Insurance & PMI
Include annual property tax, home insurance, and PMI rate for a complete monthly payment breakdown beyond just principal and interest.
Download PDF Report
Click "Calculate Now" to see charts, amortization schedule, and key metrics. Download a professional PDF report to share with your lender or advisor.
📌 Frequently Asked Questions
What is a good mortgage rate in 2026?
A rate below 6.5% is considered competitive for a 30-year fixed mortgage in the USA in 2026. Rates vary by credit score, down payment, and lender.
How much home can I afford?
The general rule is that your monthly mortgage payment should not exceed 28% of your gross monthly income. Use this calculator to test different scenarios.
What is PMI and when do I need it?
Private Mortgage Insurance is required when your down payment is less than 20% of the home value. It typically costs 0.5%–1.5% of the loan amount annually.
Is this mortgage calculator free?
Yes. Mortix mortgage calculator is 100% free, no signup required, and works for USA, Canada, UK, and European Union mortgages.