Estimate a mortgage payment and see how loan amount, interest rate and term affect the cost of financing a home.
Calculator
Your inputs stay in the tool you embed here.
$
%
years
Monthly payment
$0
Total of all payments$0
Total interest paid$0
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How this calculator works
Enter the mortgage principal, annual interest rate and repayment term. The calculator estimates the principal-and-interest payment using an amortisation formula.
FormulaPayment = P × r × (1 + r)^n ÷ ((1 + r)^n − 1)
When to use it
Compare a 15-year and 30-year mortgage to see the trade-off between monthly payment and lifetime interest.
Important
This calculator is for estimation and planning. Actual financial outcomes can differ because of taxes, fees, timing, market conditions, lender terms and other factors.
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