Estimate your monthly mortgage payment in seconds. Enter the home price, your down payment, interest rate and loan term to see your payment plus the total interest you'll pay.
This calculator applies the standard amortization formula banks use. It takes your loan amount, spreads it over your term, and shows your monthly principal-and-interest payment plus total interest.
The result covers principal and interest. Property taxes, insurance and PMI vary by location. Lenders like total housing cost under ~28% of gross monthly income.