Calculators & Converters
Mortgage Calculator
The Mortgage Calculator estimates your monthly principal-and-interest payment based on the home price, your down payment percentage, the interest rate and the loan term.
It also shows the total interest you'll pay over the life of the loan, so you can compare different down payment or term scenarios before committing.
How to Use the Mortgage Calculator
- Open the Mortgage Calculator.
- Enter the home price and your planned down payment percentage.
- Enter the annual interest rate and loan term in years.
- Read your estimated monthly payment, total interest and total amount paid.
Frequently Asked Questions
Does this include property tax and insurance?
No, this calculates the principal-and-interest (P&I) portion only. Taxes, insurance and any HOA fees would be added on top by your lender.
How does a bigger down payment change the payment?
A larger down payment reduces the loan amount, which lowers both your monthly payment and the total interest paid over the loan term.
Is this a substitute for a lender's official quote?
No -- treat this as a planning estimate. Your actual rate, fees and payment will be confirmed by your lender.
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