Financial · Calculator
Mortgage Calculator
Calculate monthly mortgage payments, total interest, and total cost.
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Mortgage Calculator
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Estimate your monthly mortgage payment including principal and interest. Enter your loan amount, interest rate, and loan term.
Formula
M = P × [r(1+r)^n] / [(1+r)^n - 1]Step-by-step
- r = annual rate / 12
- n = years × 12
- M = P × [r(1+r)^n] / [(1+r)^n - 1]
Example
A $300,000 loan at 6.5% for 30 years gives a monthly payment of $1,896.
FAQ
What is a mortgage calculator?+
It estimates your monthly home loan payment based on loan amount, rate, and term.
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