About this mortgage calculator
Estimate a monthly mortgage principal-and-interest payment from the home price, down payment, interest rate, and loan term.
How to use it
Enter the values requested by the calculator. Results update in your browser as you change the inputs. Review the assumptions shown on the calculator before using the result.
Formula
monthly payment = P × r(1+r)^n ÷ ((1+r)^n − 1)
Example
For example, enter a $350,000 home price, 20% down payment, 6.5% annual interest, and a 30-year term to see an estimated monthly principal-and-interest payment.
Frequently asked questions
What does the mortgage calculator show?
Estimate a monthly mortgage principal-and-interest payment from the home price, down payment, interest rate, and loan term.
Are the results exact?
The result is calculated from the inputs and assumptions shown on this page. For important financial, health, tax, or legal decisions, verify the result with an appropriate professional or authoritative source.