Mortgage Calculator

Calculate your estimated monthly mortgage payment based on loan amount, interest rate, and loan term. This calculator uses the standard amortizing loan formula to compute principal and interest payments.

Inputs
Results
Monthly Payment
$1,896.20
Total Paid Over Term
$682,633.47
Total Interest Paid
$382,633.47

Try an example

Formula

M = P × [r(1+r)^n] / [(1+r)^n − 1], where r = monthly rate, n = number of payments

Learn How This Works

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Frequently Asked Questions

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