Mortgage Calculator

Step-by-Step Instructions: Mortgage Calculator :

1. Enter Financial Information:
   • Home Price: Enter the total purchase price of the property
   • Down Payment (%): Input your down payment percentage (e.g., 20%)
   • Loan Term: Enter mortgage duration in years (typically 15 or 30)
   • Interest Rate (%): Input current annual interest rate
   • Annual Property Tax: Enter yearly property tax amount
   • Home Insurance: Input annual homeowners insurance cost
2. Click Calculate:
   • Press the purple “Calculate Payment” button to process inputs
3. Review Results:
   • Monthly Payment: Total monthly payment (P&I + Tax + Insurance)
   • Total Interest Paid: Lifetime interest cost over loan term
   • Total Payment: Principal + Interest + Tax + Insurance
   • Loan-to-Value (LTV): Loan percentage vs property value
4. Analyze Visualizations:
   • Payment Breakdown Chart: Doughnut graph showing:
     • Purple: Principal & Interest
     • Teal: Property Tax
     • Orange: Home Insurance
   • Amortization Schedule: Table showing annual:
     • Principal paid
     • Interest paid
     • Remaining balance

Key Features:

🔹 Interactive Chart

• Hover over chart segments to see exact amounts
• Visualize payment composition at a glance

🔹 Amortization Insights

• Track yearly progress for first 5 years
• See interest/principal allocation over time

🔹 Mobile-Friendly Design

• Works perfectly on all devices
• Inputs stack vertically on smaller screens

🔹 Automatic Formatting

• All amounts displayed in USD
• Decimal precision for accuracy
• Percentages calculated automatically

Pro Tips:

• Adjust down payment percentage to see LTV changes
• Compare different loan terms (15 vs 30 years)
• Modify interest rates to simulate market changes
• Click chart legend elements to toggle visibility

The calculator automatically updates all results and visualizations when you click the calculate button. All figures are rounded to 2 decimal places for banking-standard accuracy.