🏠 Home Loan Calculator
A home loan calculator computes your monthly mortgage payment, total interest, and amortization schedule for any property purchase. Enter the home price, down payment, interest rate, and loan term to see your estimated monthly payment and full breakdown of principal vs interest over the life of the loan.
Loan details
Monthly payment (P+I)
$2,086.16
Excludes property taxes, insurance, and PMI
Loan amount
$320,000.00
Total interest
$431,017.82
Total cost
$751,017.82
Payoff date
Jul 2056
| Item | Amount |
|---|---|
| Home price | $400,000.00 |
| Down payment | $80,000.00 (20.0%) |
| Loan amount | $320,000.00 |
| Interest rate | 6.8% / yr |
| Loan term | 30 years |
| Monthly P+I | $2,086.16 |
| Total interest paid | $431,017.82 |
| Total amount paid | $751,017.82 |
Continue planning →
Affiliate disclosure: Some links may earn us a commission at no extra cost to you. Learn more
Frequently asked questions
What is the minimum down payment for a home loan?▾
How is home loan EMI calculated?▾
What is a good home loan interest rate?▾
What is the maximum home loan tenure?▾
Recommended services
Credible
Compare mortgage rates, refinance, and student loan options from multiple lenders.
Visit Credible ↗Affiliate disclosure: Some links may earn us a commission at no extra cost to you. Learn more
Related tools
Disclaimer: This calculator is for informational and educational purposes only. Results are estimates and not financial advice. Consult a licensed financial advisor before making financial decisions.