NerdWallet Mortgage Calculator review
A free web calculator for estimating mortgage costs and viewing annual amortization.
Reviewed by iTechGuides Editors · Editorial team · Updated Nov 2026
NerdWallet Mortgage Calculator is a free web tool for people evaluating home purchase costs. Enter a home price, ZIP code, down payment, loan term and interest rate to estimate monthly payments. It supports 10-, 15-, 20- and 30-year terms, with inputs for property taxes, homeowners insurance, HOA fees and private mortgage insurance (PMI). That makes it suited to straightforward payment planning when buyers want to include common recurring housing costs in an estimate.
The results distinguish principal and interest from taxes and insurance, and show the loan amount, total interest paid and payoff date. An annual amortization schedule adds a year-by-year view of how the loan is paid down. These outputs make the calculator useful for comparing how a selected term and rate affect estimated costs over time. Its scope is focused on purchase-payment estimates: affordability analysis and refinance scenarios are handled by separate NerdWallet calculators, so users looking to assess either scenario will need to move beyond this tool.
There is no charge to use the calculator, and access is through the web. The inputs cover several important cost components, but the product is best treated as a planning aid for estimates rather than a full home-buying or lending workflow. Buyers who want a quick payment estimate with taxes, insurance, HOA and PMI included, plus an annual amortization view, should find its focus appropriate. Those who need affordability analysis or refinance modeling in the same calculator should choose a tool that combines those functions instead.
NerdWallet Mortgage Calculator pros and cons
- Where it wins
- Estimates payments using price, down payment, term and interest rate
- Adds property tax, homeowners insurance, HOA fees and PMI
- Shows total interest, payoff date and annual amortization
- Where it doesn't
- Affordability analysis requires a separate NerdWallet calculator
- Refinance scenarios require a separate NerdWallet calculator
- Available on the web, rather than as a listed mobile platform
NerdWallet Mortgage Calculator fact sheet, pricing and score →
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