Our mortgage calculator is a tool that can help you to estimate the monthly payments on a home mortgage loan. It allows you to input information such as the home price, interest rate, and loan term, and then calculates the monthly payment based on these factors.

Our mortgage calculator can be a useful tool for anyone who is considering purchasing a home, as it can help them to determine how much they can afford to borrow and what their monthly payments will be. It can also help them to compare different loan options and make an informed decision about the best loan for their needs.

The calculator is mainly intended for use by residents of the United States. The mortgage calculator should help you understand how big a part interest rates play in a mortgage. 

• Home price: This is how much you expect to pay for a home.

• Down payment: The down payment is a sum of money given to the home's seller. Typically, you will avoid mortgage insurance if you put down at least 20 percent.

• Interest rate: This is the interest rate the lender charges you for borrowing the money. Interest rates are expressed as a percentage of the amount you pay each year.

• Loan Term: This is the mortgage length you are considering.

Once the values for the calculator are inserted you should see the calculation for the mortgage with graph including the ratio between Down payment, Principal and Interest.

To give you some more details, the values are:

• Monthly payment: The amount of money that needs to be paid each month for the given mortgage. The calculator does not take into consideration insurance and taxes.

• Total payment: A number of payments to be made, in a typical scenario where mortgage is paid monthly.

• Down payment: Calculated down payment from the percentage and total home price to represent the amount of money being paid upfront to the seller.

• Principal: This is the amount you borrowed from the lender. This amount of money is a base for the lender, from which interests will be paid.

• Total interest paid: Total amount of money that will be paid over time as interest to the lender.

• Total mortgage cost: Total amount of money required to pay for a mortgage, that includes down payment, principal and total interest paid over time.