Paycheck Calculator vs Mortgage Calculator
Both tools are 100% free, browser-based, and require no signup. Here is how they differ so you can pick the right one for your task.
Paycheck Calculator
Free paycheck calculator with 2026 federal brackets, all 50 states + DC, FICA, and pre-tax deductions. See your exact take-home pay in seconds. Free to embed on your website. No signup required.
Use Paycheck Calc →Mortgage Calculator
Free mortgage calculator with full PITI breakdown (Principal, Interest, Taxes, Insurance, PMI, HOA). Calculate monthly payments, total interest, PMI cancellation date, and extra payment savings. Free to embed on your website. No signup required.
Use Mortgage Calc →Feature Comparison
| Feature | Paycheck Calc | Mortgage Calc |
|---|---|---|
| 2026 federal tax brackets (IRS Rev. Proc. 2025-40) | ✓ | — |
| All 50 states + DC state income tax | ✓ | — |
| FICA: Social Security (6.2%) + Medicare (1.45%) | ✓ | — |
| Pre-tax deductions: 401(k), HSA, health insurance | ✓ | — |
| Hourly rate calculator built in | ✓ | — |
| 100% browser-based — your salary never leaves your device | ✓ | — |
| Full PITI — Principal, Interest, Taxes, Insurance, PMI, and HOA | — | ✓ |
| PMI auto-cancels at 80% LTV — shows exact month and date | — | ✓ |
| Extra monthly and annual payment modeling | — | ✓ |
| Shows interest saved and months shaved with extra payments | — | ✓ |
| Year-by-year amortization table with expandable monthly rows | — | ✓ |
| Export full amortization schedule to CSV | — | ✓ |
| Equity milestones at 5, 10, 15, 20, 25, and 30 years | — | ✓ |
| Affordability guidance: 28% and 36% DTI income requirements | — | ✓ |
| Copy results to clipboard or print | — | ✓ |
| 100% browser-based — no data uploaded or stored | — | ✓ |
| 100% free — no signup, no watermarks | ✓ | ✓ |
| Browser-based — files never uploaded | ✓ | ✓ |
When to Use Each Tool
- →Type your gross pay amount and select your pay frequency: weekly, bi-weekly, semi-monthly, or monthly. Toggle hourly to enter an hourly rate instead.
- →Choose your federal filing status (Single, Married Filing Jointly, etc.) and your state from all 50 states and DC.
- →Enter any 401(k), HSA, or health insurance premium deductions to see how they reduce your taxable income.
- →Type the home price and your down payment in dollars or as a percentage. The calculator instantly shows your LTV and whether PMI is required.
- →Choose 10, 15, 20, 25, or 30 years (or enter a custom term), and enter your annual interest rate. Check current rates with your lender or on rate comparison sites.
- →Enter your estimated annual property tax and homeowner's insurance, your PMI rate (if applicable), and any HOA fee. The calculator adds these to your P&I to show your full PITI payment.
Frequently Asked Questions
Very accurate for federal taxes — we use the official 2026 IRS tax brackets and standard deductions. State taxes are close approximations using 2026 rate data; however, state-specific deductions, exemptions, and local city/county taxes are not included. For precise withholding, consult your employer's payroll department or a tax professional.
No. Many cities and counties — including New York City, Philadelphia, and San Francisco — have their own local income taxes on top of state tax. This calculator covers federal and state only. Add your local tax rate separately if applicable.
PITI stands for Principal, Interest, Taxes, and Insurance — the four components that make up your full monthly housing cost. Lenders use your PITI to calculate your front-end debt-to-income ratio (DTI), which determines how much loan you can qualify for. Most lenders require PITI to be 28% or less of your gross monthly income. Many basic calculators only show P&I, which can be 30–50% lower than your actual payment.
PMI (Private Mortgage Insurance) is required when your down payment is less than 20% of the home price (LTV above 80%). Under the Homeowners Protection Act, your lender must automatically cancel PMI once your loan balance reaches 78% of the original home value on schedule. You can also request cancellation when your balance hits 80% LTV, which can happen earlier if you make extra payments or if your home appreciates. This calculator shows the exact month your PMI cancels based on your amortization schedule.
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