The Mortgage Calculator estimates the monthly principal-and-interest payment on a home loan. Enter the home price, down payment, annual interest rate and term to see your monthly payment, the loan amount, total interest and overall cost.
Estimate your home loan payment
This calculator uses the standard amortization formula to estimate your monthly principal and interest based on the financed amount (home price minus down payment), the interest rate and the loan term. It also totals the interest you will pay over the life of the loan.
Figures cover principal and interest only and exclude property taxes, homeowners insurance and HOA fees, which vary by location.
Inputs and outputs
- Inputs: home price, down payment, interest rate, term
- Monthly principal-and-interest payment
- Loan amount, total interest and total cost
Related searches
Recommended Math & Finance Calculators tools
Explore more free online tools related to Mortgage Calculator.
Savings Goal Calculator
Find out how long it will take to reach a savings goal based on your starting balance, monthly deposit and expected return.
Investment / CAGR Calculator
Calculate the Compound Annual Growth Rate (CAGR) of an investment from its starting value, ending value and time period.
Number to Words Converter
Convert any number into written English words, including decimals and negatives — perfect for cheques and legal documents.
Average / Mean Calculator
Calculate the mean, median, mode, sum, range and standard deviation of a list of numbers entered in any common format.
GPA Calculator
Calculate your Grade Point Average on a 4.0 scale by entering each course's letter grade and credit hours.
Grade Percentage Calculator
Convert marks obtained out of a total into a percentage and letter grade, with a visual pass/fail progress bar.