💰 Finance Calculators
Mortgage Calculator
Enter your home price, down payment, interest rate, and loan term to estimate your monthly mortgage payment (principal and interest).
USD
USD
% / yr
years
$2,023
Monthly payment
$408,142
Total interest paid
$728,142
Total of all payments
How to use this tool
- 1Enter the home price and your down payment amount.
- 2Enter the annual interest rate and loan term in years.
- 3Your estimated monthly payment updates instantly.
Frequently asked questions
- Does this include taxes and insurance?
- No, this calculates principal and interest only (the P&I portion of PITI). Property taxes, homeowners insurance, and any HOA dues are additional and vary by location.
- How is the monthly payment calculated?
- Using the standard amortization formula based on loan amount, monthly interest rate, and number of payments, which produces a fixed payment that pays off the loan by the end of the term.