Calculadora de Hipoteca - Estima tus Pagos Mensuales

What Is a Mortgage Calculator?

A mortgage calculator helps you estimate your monthly mortgage payment, total interest paid, and remaining balance over time. It’s a powerful tool for homebuyers and homeowners to evaluate loan options and affordability.

Why Use a Mortgage Calculator?

• Understand your monthly payment breakdown
• Compare fixed vs. adjustable-rate loans
• Factor in taxes, insurance, and HOA fees
• Plan for early payoff or refinancing scenarios

How Does a Mortgage Work?

A mortgage is a type of loan used to purchase a home. You borrow a lump sum and repay it over time — typically 15 or 30 years. Each monthly payment includes:

• Principal: The amount borrowed
• Interest: The cost of borrowing
• Taxes & Insurance: Optional, but often escrowed

How Is Your Mortgage Payment Calculated?

• Loan amount (home price - down payment)
• Interest rate
• Loan term (e.g., 15 or 30 years)
• Property tax and insurance (optional)
• Private mortgage insurance (PMI), if applicable

Types of Mortgage Loans

• Fixed-rate: Same interest rate throughout the loan
• Adjustable-rate (ARM): Interest rate may change over time
• FHA / VA: Government-backed for specific eligibility
• Interest-only: Pay only interest for an initial period

Mortgage Calculator Pros and Cons

Alternatives to Traditional Mortgages

• Cash-out refinance: Tap home equity for cash
• Home equity loan: Fixed loan using equity
• HELOC: Revolving line of credit backed by your home

Frequently Asked Questions