Mortgage Calculator

Use the free Mortgage Calculator to estimate your monthly home loan payment, total payment over the life of the loan, and total interest paid.

Inputs

Results

Monthly payment
$2,022.62
Total payment
$728,142.36
Total interest
$408,142.36

About the Mortgage Calculator

Buying a home is one of the largest financial decisions you'll make. This mortgage calculator helps you understand exactly what your monthly payment will look like based on home price, down payment, interest rate, and loan term.

We use the standard amortization formula to compute principal and interest. Taxes, insurance, and HOA fees are not included — focus on the loan cost itself so you can compare offers cleanly.

Frequently asked questions

We use the standard amortization formula: M = P × r / (1 − (1 + r)^−n), where P is the loan amount, r is the monthly interest rate, and n is the number of monthly payments.

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