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Finance & Money
Mortgage Calculator
Estimate your monthly mortgage payment. Enter the home price, down payment, interest rate, and term — this shows principal and interest (taxes and insurance are separate).
RESULT
$2,022.62
Monthly principal & interest
$320,000.00
Loan amount
$408,142.36
Total interest
$728,142.36
Total paid
Formula
Loan = price − down payment · Payment = Loan × i ÷ (1 − (1 + i)⁻ⁿ)Example: A $400,000 home with $80,000 down at 6.5% over 30 years is about $2,022.62/month in principal and interest.
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Frequently asked questions
Does this include taxes and insurance?
No. This shows principal and interest only. Property tax, homeowners insurance, and any HOA or PMI are added on top by your lender.
How much down payment do I need?
20% down avoids private mortgage insurance (PMI) on conventional loans, but many programs allow far less. A bigger down payment lowers your monthly payment and total interest.