Mortgage Payment Calculator
Estimate the principal-and-interest portion of a fixed-rate mortgage. Use the result as a planning baseline before adding taxes, insurance, fees and other ownership costs.
iPrincipal and interest only; excludes tax, insurance, fees and changing rates.
Use it without guessing.
- 01Enter the loan amount after your down payment.
- 02Add the annual interest rate and loan term.
- 03Review monthly payment, total paid and total interest.
What the number means
The calculation uses the standard fixed-rate amortization formula and assumes equal monthly payments for the full term.
It excludes property tax, insurance, association fees, lender fees, changing rates and early repayment. A lender quote and local disclosures control the actual payment.
Before you rely on the output
Does this include property tax and insurance?+
No. It calculates principal and interest only.
Can I use it for an adjustable-rate mortgage?+
Only as a snapshot using one assumed rate. It does not model future rate adjustments.
Why might a lender show a different payment?+
Lenders may use different day-count rules, fees, insurance, escrow items and rounding.