Mortgage Payment Calculator
What your home will really cost you each month.
–
Loan amount–
Monthly principal & interest–
Total interest over loan life–
Principal & interest only — property taxes, homeowners insurance, and PMI are not included. Assumes a fixed rate and monthly payments. These estimates are educational, not personalized financial advice.
How this is calculated
Loan amount = home price × (1 − down payment %). The monthly payment uses the standard amortization formula: loan × r ÷ (1 − (1 + r)^−n).
Assumptions: A fixed rate with equal monthly payments of principal and interest only.
Limitations: Property taxes, homeowners insurance, PMI and HOA dues are not included — your real monthly housing cost will be higher.
A quick note: this calculator is for education only and isn't financial advice.