Mortgage Payment Calculator
Estimate your monthly mortgage payment, total interest, and payoff.
Calculate principal + interest on a fixed-rate mortgage. Enter home price, down payment, rate, and term.
What you enter
- Home price
- Down payment
- Interest rate
- Loan term (years)
Worked example
With the default inputs:
- Home price: $400,000
- Down payment: $80,000
- Interest rate: 6.5%
- Loan term (years): 30
| Monthly payment | $2,022.62 |
|---|---|
| Loan amount | $320,000.00 |
| Total interest | $408,142.36 |
| Total paid | $728,142.36 |