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Mortgage Calculator
Monthly payment, total interest, and true cost of a home loan.
Enter your numbers above.
Estimates only — not financial advice. See assumptions below.
How this works
Assumptions
- Fixed interest rate for the full term.
- Principal & interest only — taxes, insurance, and HOA not included.
- Monthly compounding; payments at month-end.
FAQ
Does this include property tax and insurance?
No — this covers principal and interest only. Lenders quote PITI (principal, interest, taxes, insurance); add those for your full monthly cost.
How is the monthly payment calculated?
With the standard amortization formula M = P·r/(1−(1+r)^−n), where r is the monthly rate and n the number of payments. The math is shown, not hidden.
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