Mortgage calculator
Project a monthly principal-and-interest payment from the home price, down payment, loan term, and interest rate. Taxes and insurance are not included.
What the mortgage calculator estimates.
This calculator estimates your monthly payment from the home price, your down payment, the loan term, and the rate, so you can test scenarios before you sit down with a lender. A bigger down payment lowers the payment, and a longer term lowers it too but raises the total interest you pay over the life of the loan.
Use it to weigh the trade-offs, comparing a fifteen-year term against a thirty-year one or seeing how more money down changes the number. Keep in mind it estimates principal and interest only: a real payment usually also includes property taxes, insurance, and sometimes mortgage insurance or HOA dues, so your actual cost will run higher.