Mortgage Calculator - Monthly Payment Calculator

Calculate your monthly mortgage payment for free

Mortgage Calculator

How is the monthly payment calculated?

This calculator uses the standard amortization formula (similar to the Spitzer method used in Israel). Your monthly payment stays fixed throughout the loan term. Early payments go mostly toward interest, while later payments go mostly toward principal.

Mortgage Tips

Keep your monthly payment below 30-35% of your net income. Compare offers from multiple lenders. Consider a mix of fixed and variable rates. Consult a mortgage advisor before deciding.

Track Payments with ALMO

Add a monthly mortgage reminder to ALMO AI. Track interest rate change dates and insurance renewal deadlines.

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