🏠 Mortgage Calculator
A mortgage calculator computes your estimated monthly mortgage payment based on home price, down payment, interest rate, and loan term. It also generates a full amortization schedule showing how each payment splits between principal and 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 →
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Frequently asked questions
How is a mortgage payment calculated?▾
What is a good mortgage interest rate?▾
How much house can I afford?▾
What is an amortization schedule?▾
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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.