This is very simple and free online mortgage calculator. Enter mortgage amount, term, interest rate and you’ll get you monthly payment instantly.

**Mortgage amount** – how much money you need to borrow.**Mortgage term** – for how long you need to take loan.**Interest rate** – the rate you expect to get loan for.

## Additional notes

- Interest Rate – the rate you will get can vary based on factors like

down payment and credit score. Mortgage term also can affect the rate

- You should keep in mind about additional monthly expenses like home insurance and property taxes which are not included in this mortgage calculator.