Mortgage Calculator
Estimate your monthly mortgage payment and total interest from loan amount, rate, and term. Free.
How to use this tool
- Enter loan amount, annual interest rate and term in the fields above.
- Results update instantly as you type — or click Calculate.
- Read your monthly payment and the full breakdown beneath it.
Estimate your monthly mortgage payment, total interest, and total cost over the life of the loan. Enter your loan amount, interest rate, and term.
Frequently asked questions
- How is a monthly mortgage payment calculated?
- Using the amortization formula: P × r(1+r)^n / ((1+r)^n − 1), where r is the monthly rate and n is the number of months.
- Does this include taxes and insurance?
- No — this estimates principal and interest only. Add property tax, insurance, and PMI separately.