Estimates monthly mortgage payments, including principal and interest.
Start with your values, or try a preset.
Enter Loan Amount ($), Interest Rate (%), and Loan Term (Years) in the units shown.
Read Loan Term (Months), Monthly Interest Rate, Estimated Monthly Payment ($), 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 ($): 250,000; Interest Rate (%): 5.5; Loan Term (Years): 30
Loan Term (Months): 360; Monthly Interest Rate: 0.004583333333; Estimated Monthly Payment ($): 1,419.472503; Total Paid Over Loan Term ($): 511,010.1012; Total Interest Paid ($): 261,010.1012
Loan Amount ($): 200,000; Interest Rate (%): 4; Loan Term (Years): 30
Loan Term (Months): 360; Monthly Interest Rate: 0.003333333333; Estimated Monthly Payment ($): 954.8305909; Total Paid Over Loan Term ($): 343,739.0127; Total Interest Paid ($): 143,739.0127
Loan Amount ($): 300,000; Interest Rate (%): 6; Loan Term (Years): 15
Loan Term (Months): 180; Monthly Interest Rate: 0.005; Estimated Monthly Payment ($): 2,531.570484; Total Paid Over Loan Term ($): 455,682.6871; Total Interest Paid ($): 155,682.6871
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