Mortgage Calculator

About the Mortgage Calculator

The GlimMarket Mortgage Calculator helps you quickly estimate your monthly mortgage payment. Choose a simple principal-and-interest (P&I) estimate or switch to PITI to include property taxes, homeowners insurance, and HOA dues. You can adjust the down payment as a percentage or fixed amount, compare different interest rates and term lengths, and preview how your loan amortizes over time.

How the GlimMarket Mortgage Calculator Works

Enter the home price, your down payment (either % or $), the interest rate (APR), and loan term. The calculator computes the loan amount and applies a standard amortization formula to estimate your monthly P&I payment. If you select PITI, it adds monthly equivalents of property taxes, insurance, and HOA to show a fuller picture of your housing cost.

Reading the Results

The results include a chip summary (monthly payment, total interest, total paid, and amortization length) and a compact amortization preview. Expand the schedule to see each payment’s breakdown of principal and interest with the remaining balance after every installment.

GlimMarket Tip: A larger down payment or a shorter term can significantly reduce total interest paid over the life of your loan.

The GlimMarket Mortgage Calculator is a free and easy-to-use tool that helps you estimate your monthly mortgage payments, total interest, and loan payoff date. Whether you are a first-time homebuyer, real estate investor, or financial planner, understanding your monthly commitment and total cost of ownership is key to making smart financial decisions.

The tool also generates a detailed amortization schedule — a year-by-year table showing how much of each payment goes toward interest versus principal. This allows you to visualize how your equity grows and your balance decreases over time.

Why Use a Mortgage Calculator?

A mortgage payment calculator is one of the most powerful tools for homebuyers and financial planners. It helps you estimate how much house you can afford, evaluate refinancing options, and understand the impact of changing rates or terms. GlimMarket’s calculator is mobile-friendly, secure, and completely free — no sign-up required.

Key Benefits

• Accurate estimates for monthly mortgage payments
• Interactive amortization table with yearly breakdown
• Adjustable loan terms, rates, and down payments
• Includes optional taxes and insurance (PITI)
• Optimized for smartphones, tablets, and desktops
• Free to use — part of GlimMarket’s Financial Tools suite

Use this home loan calculator before you meet your lender or mortgage broker to gain confidence and negotiate better rates. With GlimMarket, planning your mortgage doesn’t have to be complicated — it’s a smart, transparent step toward homeownership.