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Clear. Accurate. Professional Loan Estimates.
Calculate your monthly mortgage payments with banker-grade precision. Include PMI, taxes, insurance, and HOA fees. Generate amortization schedules and export to CSV—all in one professional tool.
Enter your loan details below for an accurate payment estimate
Enter values to include in your total payment. Leave at $0 to exclude.
| Month | Payment | Principal | Interest | Balance |
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Everything you need for accurate loan calculations
See exactly where your money goes each month with a detailed breakdown of principal, interest, and additional costs.
Include private mortgage insurance in your calculations with flexible monthly or annual rate options.
View your complete payment schedule month-by-month or year-by-year with detailed principal and interest splits.
Download your amortization schedule as a CSV file for use in spreadsheets or financial planning tools.
Fully responsive design works beautifully on phones, tablets, and desktops. Install as an app for quick access.
Professional interface designed to meet the standards expected by mortgage professionals and lending institutions.
Common questions about our loan calculator
Private Mortgage Insurance (PMI) is insurance that protects the lender if you default on your loan. It's typically required when your down payment is less than 20% of the home's purchase price. PMI is usually paid monthly and can be removed once you reach 20% equity in your home.
No. This calculator provides estimates only and is not a commitment to lend, loan offer, or pre-approval. The calculations are for educational and planning purposes. For actual loan terms, please contact a licensed mortgage lender who can provide you with official loan estimates based on your specific financial situation.
Property taxes and homeowners insurance are optional inputs. If you enable these options and enter the amounts, they will be included in your total monthly payment calculation. Without enabling these options, only principal and interest (and PMI if enabled) are calculated.
Yes, Personal Loan Officer is completely free to use. There are no hidden fees, subscriptions, or premium features. You can install it on your device and use it offline at no cost.
Our calculator uses standard amortization formulas used throughout the lending industry. The principal and interest calculations are accurate to the penny. However, actual loan costs may vary based on fees, closing costs, and other factors not included in this calculator.
A fixed-rate mortgage keeps the same interest rate for the entire loan term, providing predictable monthly payments. An adjustable-rate mortgage (ARM) has an interest rate that may change periodically based on market conditions—typically starting lower than fixed rates but potentially increasing over time.
Extra payments go directly toward your principal balance, reducing the amount of interest you'll pay over the life of the loan and shortening your loan term. Even small additional payments can save thousands of dollars in interest and help you pay off your mortgage years earlier.
An amortization schedule is a detailed table showing each monthly payment throughout your loan term. It breaks down exactly how much of each payment goes toward principal versus interest, and shows your remaining balance after each payment. Early payments are mostly interest, while later payments are mostly principal.
Yes! Personal Loan Officer is a Progressive Web App (PWA), which means you can install it on your device and use it without an internet connection. Simply click "Install" when prompted or add it to your home screen from your browser menu.