Compare calculators
Both calculators run independently — change the inputs on either side to compare results.
Loan Payment Calculator
Calculate the fixed monthly payment on an amortizing loan from the principal, annual interest rate, and loan term in years. Use it for car loans, student loans, personal loans, and small-business loans — anywhere you borrow a lump sum and pay it back in equal monthly installments over a fixed period.
Mortgage Payment Calculator
Estimate the full monthly cost of owning a home — principal, interest, property tax, and homeowner's insurance — bundled into the single number lenders call PITI. Enter your loan amount, interest rate, loan term in years, annual property tax, and annual home insurance, and the calculator returns the monthly payment you would actually send (excluding PMI and HOA fees, which vary widely). This is the figure to compare against your monthly budget when deciding whether a home is affordable, and the figure mortgage lenders use to qualify you against debt-to-income limits.
Key differences
| Loan Payment Calculator | Mortgage Payment Calculator | |
|---|---|---|
| Category | Financial | Financial |
| Inputs required | 3 | 5 |
| Result | Monthly Payment ($) | Monthly Payment (PITI) ($) |
| What it does | Calculate the fixed monthly payment on an amortizing loan from the principal, annual interest rate, and loan term in years. Use it for car loans, student loans, personal loans, and small-business loans — anywhere you borrow a lump sum and pay it back in equal monthly installments over a fixed period. | Estimate the full monthly cost of owning a home — principal, interest, property tax, and homeowner's insurance — bundled into the single number lenders call PITI. Enter your loan amount, interest rate, loan term in years, annual property tax, and annual home insurance, and the calculator returns the monthly payment you would actually send (excluding PMI and HOA fees, which vary widely). This is the figure to compare against your monthly budget when deciding whether a home is affordable, and the figure mortgage lenders use to qualify you against debt-to-income limits. |