Formula
Monthly principal and interest = L x r(1+r)^n / ((1+r)^n - 1), where L is loan amount, r is monthly rate, and n is total payments.
Home loan payment estimator
Mortgage Calculator
Estimate monthly mortgage payments from home price, down payment, interest rate, loan term, property tax, and insurance. Use it to compare home affordability and financing scenarios.
Calculate mortgage payment
Monthly principal & interest
$0
Estimated total monthly
$0
Loan amount
$0
Total interest
$0
Example
A $350,000 home with $70,000 down at 6.5% for 30 years has a $280,000 loan before taxes and insurance.
Useful for
Home buying, mortgage comparison, refinancing estimates, budgeting, and rough housing affordability checks.
Mortgage estimate notes
This calculator is an estimate. It does not include HOA dues, PMI, closing costs, lender fees, variable rates, or tax changes unless you add them separately.
FAQ
Does this include taxes and insurance?
Yes. Enter annual property tax and monthly insurance to include them in the estimated total monthly payment.
Is this a loan approval estimate?
No. Lenders may use credit score, debt, income, property details, insurance, taxes, and underwriting rules.