Real Estate
Mortgage Payment Calculator
The monthly principal-and-interest payment on a loan, plus the total interest you’ll pay over its life — often more than the amount borrowed.
Inputs
- Loan amount — Amount borrowed (price minus down payment).
- Interest rate — Annual interest rate on the loan.
- Term — Length of the loan, usually 15 or 30 years.
How to use this calculator
- Enter the loan amount, interest rate, and term in years.
- The headline is the monthly principal-and-interest payment.
- Note the total interest: over 30 years it often exceeds what you borrowed. Taxes and insurance are extra.
What each term means
- Principal & interest
- The core loan payment; property tax, insurance, and HOA are on top.
- Amortization
- How each payment splits between interest and paying down principal.
- Term
- The loan's length, commonly 15 or 30 years.
Educational disclaimer: Outputs are simplified educational estimates built from the numbers you enter — they are not financial, legal, tax, or investment advice, and real decisions deserve verified figures and qualified professionals.