Calculators
Mortgage Calculator
Monthly mortgage payment, total interest and total cost — with down payment factored in.
0
Monthly payment
0
Loan amount
0
Total interest
0
Total cost
About this tool
Before signing a mortgage, see the real numbers: enter the home price, down payment, interest rate and term to get your monthly payment, the total interest over the life of the loan, and the true total cost of the home.
Try scenarios instantly — a bigger down payment or a 15-year term changes the interest figure dramatically. Excludes taxes and insurance, which vary by location.
How to use
- Enter home price and down payment.
- Enter the rate and term.
- Compare monthly payment and total interest across scenarios.
Frequently asked questions
With the standard amortization formula on the loan amount (price minus down payment): P·r·(1+r)ⁿ ÷ ((1+r)ⁿ−1), where r is the monthly rate and n the number of months.
A 15-year term roughly halves total interest but raises the monthly payment — compare both here before deciding.
No — those vary by location. Add your local figures to the monthly payment for the full housing cost.