Mortgage Calculator

Estimate your monthly mortgage payments

Mortgage Calculator

Estimate your monthly mortgage payments

Home Price

Down Payment$100,000 (20%)

20%

Loan Term25 years

25 years

Interest Rate5.50%

5.5%

Monthly Payment

Total Loan Amount

$400,000

Total Interest

*This is an estimate only. Actual mortgage terms and payments may vary.

How to Use This Calculator

Enter your mortgage details below to calculate your monthly payment amount and view your amortization schedule.

Enter your home price - The total purchase price of the property.
Adjust your down payment - Use the slider to set your down payment amount or percentage.
Choose a loan term - Typically 15-30 years for most mortgages.
Set your interest rate - Current market rates or your pre-approved rate.

The calculator will instantly show your estimated monthly payment, total loan amount, and total interest paid over the life of the loan.

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Affordability Calculator

Find out how much house you can afford based on your income, debts, and down payment.

Affordability Calculator

Frequently Asked Questions

Common questions about mortgages and using our calculator

Note: This calculator is for estimation purposes only. The actual mortgage payments may vary based on your specific lender's terms, credit score, and other factors. Always consult with a mortgage professional before making financial decisions.

Last updated: April 2026

Mortgage Calculator

Estimate your monthly mortgage payments