Mortgage Calculator
Estimate your monthly mortgage payment, total interest, and payoff cost.
About this calculator
This mortgage calculator helps you estimate your monthly home loan payment based on the purchase price, down payment, interest rate, and loan term. It computes the total loan amount, the total interest you will pay over the life of the loan, and the overall cost. The pie chart visualizes how much of your total payment goes toward principal versus interest.
Field explanations
- Home price
- The total purchase price of the property. This is the starting amount used to determine your loan.
- Down payment ($ and %)
- The upfront cash you pay toward the home. Enter either a dollar amount or a percentage of the home price — the other field updates automatically to match.
- Interest rate
- The annual interest rate on your mortgage. A lower rate reduces your monthly payment and total interest.
- Loan term (years)
- The number of years you have to repay the loan. Common terms are 15 or 30 years. A longer term means lower monthly payments but more total interest.