Mortgage Calculator

Estimate your monthly payment, total interest, and full cost of a mortgage.

100% in your browser · No uploads
Monthly payment$2,022.62
Total interest paid$408,142.36
Total cost of loan$728,142.36

What this does

Mortgage Calculator estimates the monthly payment on a home loan based on price, down payment, interest rate, and term. It also shows the total interest you'll pay and the total cost of the loan.

When to use it

  • Comparing two mortgage offers to see which actually costs less
  • Deciding how much house you can afford
  • Seeing how much a higher down payment reduces lifetime interest
  • Estimating the impact of a rate change before refinancing

Frequently asked

Does it include property tax and insurance?

No — this is principal and interest only. Add escrow (taxes + insurance + HOA) on top for your full monthly housing cost.

Is the calculation accurate?

It uses the standard amortization formula used by every major lender. Your actual quote may differ slightly due to closing costs, PMI, and rate locks.