Mortgage Calculator
Enter the loan amount, annual interest rate and term to see the monthly payment and total interest paid.
This calculator is for general information only and is not financial advice. Verify important decisions with a qualified professional.
What this tool does
Enter the loan amount, annual interest rate and term to see the monthly payment and total interest paid.
Formula
Standard fixed-rate amortization: payment = P × r × (1+r)^n / ((1+r)^n - 1), where P is the loan amount, r the monthly interest rate and n the number of monthly payments.
Frequently asked questions
Does this include taxes or insurance?
No - this is principal and interest only. Property tax, insurance and HOA fees are not included.
What if my rate is 0%?
The calculator falls back to a simple even split of principal across the term.
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