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Mortgage Payment Calculator

Find the monthly principal and interest payment on a given loan amount.

Loan amount ($)Interest rate (%)Term (years)

Frequently asked questions

How is a mortgage payment calculated?

Payment = P × r ÷ (1 − (1 + r)^−n), with r the monthly rate and n the number of months.

Estimate your full monthly mortgage cost with taxes and insurance.

See how much house you can afford using the 28/36 rule.

Discover how extra payments shorten your mortgage and cut interest.

View a year-by-year amortization schedule of principal and interest.