---
title: "Mortgage Calculator | Monthly Payment & Amortization Tool | XTRAW Tools"
description: "Calculate monthly mortgage payments, total interest, and amortization with a free browser-based mortgage calculator from XTRAW Tools."
url: "https://xtraw.com/tools/real-estate-tools/mortgage-calculator"
date: "2026-05-22T01:26:23+00:00"
language: "en-GB"
---

[Property Tax Calculator](https://xtraw.com/tools/industry-tools/real-estate-tools/property-tax-calculator)[VA Mortgage Calculator](https://xtraw.com/tools/industry-tools/real-estate-tools/va-mortgage-calculator)

 [![Mortgage Calculator from XTRAW Tools](https://xtraw.com/images/virtuemart/product/xtraw-mortgage-calculator-360x360.jpg)](https://xtraw.com/images/virtuemart/product/xtraw-mortgage-calculator-360x360.jpg "Mortgage Calculator from XTRAW Tools")

   popular

 [Back to: Real Estate Tools](https://xtraw.com/tools/industry-tools/real-estate-tools "Real Estate Tools")

# Mortgage Calculator

 Calculate monthly mortgage payments, total interest, and amortization. Use this free browser-based mortgage calculator from XTRAW Tools.

 **Mortgage Calculator** helps you calculate monthly mortgage payments, total interest, and amortization. Use this free browser-based calculator from XTRAW Tools to compare inputs, estimate results, and plan your next step.

## How to Use the Mortgage Calculator

1. Enter Loan Amount and the other required calculator fields.
2. Review the rate, term, amount, payment, or cost assumptions shown in the form.
3. Run the calculator, then change one input at a time to compare scenarios.

## What This Calculator Helps With

Calculate monthly mortgage payments, total interest, and amortization. It is designed for home buyers, homeowners, real estate shoppers, and mortgage borrowers who want a fast, browser-based estimate before relying on a lender, marketplace, servicer, broker, advisor, or professional quote.

- Loan Amount: $350,000
- Annual Interest Rate: 6.5%
- Loan Term: 30 years
- Down Payment: $70,000
- Extra Monthly Payment: $0

## Common Uses

People use this calculator when they need a quick, free way to estimate numbers, compare scenarios, and understand the assumptions behind a finance decision.

- **Budgeting:** Use this tool for budgeting planning
- **Payments:** Estimate monthly payment amounts
- **Loans:** Compare loan terms and monthly payments

## Formula or Method

M = P × \[r(1+r)^n\] / \[(1+r)^n – 1\], where P = principal, r = monthly rate, n = total months.

## Example

**Example inputs:** Loan Amount: $350,000; Annual Interest Rate: 6.5%; Loan Term: 30 years; Down Payment: $70,000; Extra Monthly Payment: $0

**Example result:** Using the default inputs, the estimated principal-and-interest payment is about $2,212.24 per month before taxes, insurance, or escrow.

## Related Tools

- [Loan Calculator](https://xtraw.com/tools/loan-calculator)
- [Home Affordability Calculator](https://xtraw.com/tools/home-affordability-calculator)
- [Rent Vs Buy Calculator](https://xtraw.com/tools/rent-vs-buy-calculator)
- [Refinance Calculator](https://xtraw.com/tools/refinance-calculator)
- [Closing Costs Calculator](https://xtraw.com/tools/closing-costs-calculator)
- [Property Tax Calculator](https://xtraw.com/tools/property-tax-calculator)
- [Amortization Calculator](https://xtraw.com/tools/amortization-calculator)
- [Apr Calculator](https://xtraw.com/tools/apr-calculator)

## Mortgage Calculator FAQ

### Is the Mortgage Calculator free?

Yes. This calculator is free to use on XTRAW Tools.

### Do I need to create an account?

No. XTRAW tools are designed for browser-based use without requiring an account.

### Are the results exact?

Results may be estimates depending on the inputs, formula, and purpose of the calculator. Always verify important results before relying on them.

**Disclaimer:** This calculator is provided for general informational and convenience purposes only. It is not legal, financial, medical, tax, engineering, construction, mortgage, investment, insurance, health, or professional advice. Always verify important results with a qualified professional or authoritative source before making decisions.

**Related Products** ![Tooltip]()

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Custom prototype for related products

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Compare your current mortgage to a refinanced loan. Use this free browser-based refinance calculator from XTRAW Tools.

Custom prototype for related products

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Custom prototype for related categories

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Custom prototype for related categories

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Custom prototype for related categories

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Custom prototype for related categories

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