Mortgage Calculator
Estimate your monthly mortgage payment, total interest and total cost.
About Mortgage Calculator
Work out your monthly mortgage payment from the home price, down payment, interest rate and loan term. See how much of the total goes to interest over the life of the loan. Everything is calculated instantly in your browser.
How to use Mortgage Calculator
- 1
Enter the home price and your down payment.
- 2
Enter the interest rate and loan term in years.
- 3
See your estimated monthly payment and total interest instantly.
Frequently Asked Questions
Does this include taxes and insurance?
No. It estimates principal and interest only. Property taxes, insurance, HOA fees and PMI are not included and would increase your actual payment.
How is the payment calculated?
It uses the standard amortization formula based on your loan amount, monthly interest rate and the number of monthly payments.
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