Global Mortgage & Home Loan Calculator
Calculate your monthly mortgage payment or EMI for any country. Supports the US, UK, India, Canada, Australia, and Germany with local rates, stamp duty, and amortization.
⚠ Down payment < 20% — PMI of ~$212.50/mo added to estimate.
Estimated Monthly Payment
$2,608
$300,000 loan · 7% · 30 yr
P & I
$1,995.91
Est. Tax
$275.00
Est. Insurance
$125.00
PMI
$212.50
Total Cost of Loan (30 years)
Amortization Schedule
First 12 months shown
| Mo. | Payment | Principal | Interest |
|---|---|---|---|
| 1 | $1,995.91 | $245.91 | $1,750.00 |
| 2 | $1,995.91 | $247.34 | $1,748.57 |
| 3 | $1,995.91 | $248.78 | $1,747.12 |
| 4 | $1,995.91 | $250.24 | $1,745.67 |
| 5 | $1,995.91 | $251.70 | $1,744.21 |
| 6 | $1,995.91 | $253.16 | $1,742.74 |
| 7 | $1,995.91 | $254.64 | $1,741.27 |
| 8 | $1,995.91 | $256.13 | $1,739.78 |
| 9 | $1,995.91 | $257.62 | $1,738.29 |
| 10 | $1,995.91 | $259.12 | $1,736.78 |
| 11 | $1,995.91 | $260.63 | $1,735.27 |
| 12 | $1,995.91 | $262.15 | $1,733.75 |
* Principal & Interest payment is calculated using standard amortization. US 30-yr fixed, 2024. Property tax (~1.1%/yr) and homeowner's insurance (~0.5%/yr) are estimates — actual costs vary by location. PMI rate estimated at ~0.85%/yr when deposit is under 20%.
Popular United States Mortgage Calculations
Global Home Loan Support
This calculator supports 6 countries with country-specific interest rate ranges, down payment thresholds, mortgage insurance rules, and additional purchase costs.
PMI, property tax, 15/30-yr fixed
SDLT stamp duty, first-time buyer relief
EMI, Section 80C/24(b) tax benefits
CMHC premium, Ontario LTT, 5-yr fixed
LMI, NSW stamp duty, variable/fixed
Grunderwerbsteuer, notary & land registry
🇺🇸 US Market — Monthly Payments by Loan Amount & Rate (30-Year)
* Principal & interest only. Does not include taxes, insurance, or PMI.
🇺🇸 US Market — 15-Year vs 30-Year Mortgage at 7%
| Loan Amount | 15-yr / mo | 30-yr / mo | 15-yr Interest | 30-yr Interest | Interest Saved |
|---|---|---|---|---|---|
| $200,000 | $1,797.66 | $1,330.60 | $123,578 | $279,018 | $155,440 |
| $300,000 | $2,696.48 | $1,995.91 | $185,367 | $418,527 | $233,159 |
| $400,000 | $3,595.31 | $2,661.21 | $247,156 | $558,036 | $310,879 |
| $500,000 | $4,494.14 | $3,326.51 | $308,945 | $697,544 | $388,599 |
Choosing a 15-year term saves significant interest but requires a higher monthly payment.
How Mortgage Payments Work
The Amortization Formula
Your fixed monthly payment is calculated using the amortization formula so that you pay off both principal and interest exactly at the end of the loan term. Early payments are interest-heavy; later payments are mostly principal.
Principal vs Interest
On a 30-year loan at 7%, you pay about 1.5× the loan amount in total — roughly half goes to interest. On a 15-year loan you pay significantly less interest but your monthly payment is roughly 30–40% higher.
True Monthly Cost
Your actual monthly cost is higher than P&I alone. Add estimated property taxes, homeowner's insurance, and mortgage insurance if your deposit is under the required threshold (typically 20%).
Down Payment Impact
A larger down payment reduces your loan amount (lowering the monthly payment) and eliminates mortgage insurance once you reach the required equity. It also reduces the total interest you pay over the life of the loan.