Mortgage Calculator
Estimate your monthly principal and interest payment.
Estimated Monthly Payment
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How This Calculator Works
We subtract your down payment from the home price to get your loan amount, then apply the standard mortgage formula using your interest rate and loan term to estimate the monthly principal and interest payment.
FAQ
It estimates your monthly principal and interest payment based on the home price, down payment, interest rate, and loan term you enter.
Yes. A larger down payment reduces the loan amount, which generally lowers the monthly principal and interest payment.
Yes. A longer term usually lowers the monthly payment but increases the total interest paid over the life of the loan.
No. This calculator estimates principal and interest only. Actual monthly housing costs can be higher once taxes, insurance, PMI, and HOA fees are included.
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