Mortgage Calculator
Estimate your monthly mortgage payment, total interest and total cost of a home loan.
Monthly Payment
$1,896.2
$382,633.47
Total Interest
$682,633.47
Total Cost
Principal and interest only. Taxes, insurance and PMI are not included.
How to Use Mortgage Calculator
- Open the Mortgage Calculator tool above and enter your input in the fields.
- The tool processes your input instantly in your browser.
- Copy, download or share your result with a single click.
Mortgage Calculator — Frequently Asked Questions
What formula does it use?
The standard amortization formula: M = P x r(1+r)^n / ((1+r)^n - 1), where r is the monthly interest rate and n is the number of months.
Does it include taxes and insurance?
No, this calculator shows principal and interest only. Property taxes, insurance and PMI are extra.
Can I compare loan terms?
Yes, try different loan amounts, rates and terms to compare monthly payments side by side.