Mortgage Calculator
Calculate monthly mortgage payments, total interest, and loan payoff.
Monthly Payment
1,896.2Total Interest
382,633.47
Total Paid
682,633.47
Related Guide
Mortgage Calculator: 15-Year vs. 30-Year Explained
About This Tool
Free mortgage calculator — enter your home loan amount, annual interest rate, and loan term to instantly calculate your estimated monthly payment, total interest paid over the life of the loan, and the total payoff amount. Buying a home is one of the largest financial decisions most people make, and the monthly payment shown by a lender is only one part of the picture — this tool also shows how much of the loan's total cost is interest versus principal, which varies enormously between a 15-year and a 30-year term at the same rate. Use it to compare different loan terms, rates, or down payment scenarios before talking to a lender. Runs entirely in your browser using the standard amortization formula — no application, no credit check, no data sent anywhere.
How to Use
- 1
Enter the loan amount
Type the mortgage principal (home price minus down payment).
- 2
Enter rate and term
Add the annual interest rate and loan term in years (e.g., 15 or 30).
- 3
See your payment breakdown
View your estimated monthly payment, total interest, and total payoff amount.