Estimate your monthly mortgage payment based on home price, down payment, interest rate, and loan term.
Enter your mortgage details
How this mortgage calculator works
This mortgage calculator estimates your monthly payment using the home price, down payment, annual interest rate, and loan term. The calculator first determines the loan amount by subtracting the down payment from the home price.
It then applies a standard mortgage amortization formula to estimate the monthly principal and interest payment. The results also show the total interest paid over the life of the loan and the total amount repaid.
This calculator is useful when comparing different home prices, down payment amounts, interest rates, and loan terms before buying a house.