Mortgage Calculator
FeaturedCalculate monthly mortgage payments, total interest paid and total cost from price, down-payment, rate and term.
About the Mortgage Calculator
The Mortgage Calculator estimates your monthly repayment on a home loan from the principal, annual interest rate and term in years. It also breaks down total interest paid over the life of the loan.
How to use the Mortgage Calculator
- 1Enter the loan principal (home price minus down payment).
- 2Enter the annual interest rate as a percentage.
- 3Enter the term in years (typically 15, 20 or 30).
- 4Read the monthly payment and total interest instantly.
Why people use it
- Compare 15-year vs. 30-year term scenarios.
- Estimate affordability before house hunting.
- See how a small rate change moves the monthly payment.
- Plan for extra principal payments.
Frequently asked questions
Does this include taxes and insurance?
No — it calculates principal and interest (P&I) only. Add property taxes, home-owners insurance and any PMI separately.
What if my rate is variable?
Enter the current effective rate for a snapshot. For an adjustable-rate mortgage (ARM), recalculate at each reset.
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