Calculate your estimated monthly mortgage payments based on loan amount, interest rate, and loan term.
Start with your values, or try a preset.
Enter Loan Amount, Annual Interest Rate, and Loan Term (Years) in the units shown.
Read Number of Payments, Monthly Interest Rate, Estimated Monthly Payment, Total Paid Over Loan Term, and Total Interest Paid in the results panel. Results update as you change the inputs.
Choose a preset to load an example, then adjust the values for your situation.
See the inputs and their calculated results.
Loan Amount: 100,000 USD; Annual Interest Rate: 5.5 %; Loan Term (Years): 30 years
Number of Payments: 360; Monthly Interest Rate: 0.004583333333; Estimated Monthly Payment: 567.7890013 USD; Total Paid Over Loan Term: 204,404.0405 USD; Total Interest Paid: 104,404.0405 USD
Loan Amount: 250,000 USD; Annual Interest Rate: 6 %; Loan Term (Years): 30 years
Number of Payments: 360; Monthly Interest Rate: 0.005; Estimated Monthly Payment: 1,498.876313 USD; Total Paid Over Loan Term: 539,595.4726 USD; Total Interest Paid: 289,595.4726 USD
Loan Amount: 500,000 USD; Annual Interest Rate: 6.25 %; Loan Term (Years): 30 years
Number of Payments: 360; Monthly Interest Rate: 0.005208333333; Estimated Monthly Payment: 3,078.586002 USD; Total Paid Over Loan Term: 1,108,290.961 USD; Total Interest Paid: 608,290.9608 USD
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