Free Mortgage Calculator

A clear place to start

Plan your monthly mortgage payment

Enter a loan amount, interest rate, and term to get a straightforward estimate of your monthly payment and overall cost.

Your loan details

Adjust any value and calculate again.

Calculated in your browser
Between $0.01 and $1 trillion
Enter a rate from 0% to 1,000%
Choose 1 to 100 years

Your estimate

Monthly Payment

$0.00

Principal and interest per month

Total Payment
$0.00
Total Interest
$0.00

How the estimate works

This calculator uses the standard fixed-rate, fully amortizing loan formula. The monthly rate is the annual rate divided by 12, and the number of payments is the loan term in years multiplied by 12.

M = P × r × (1 + r)n / ((1 + r)n − 1)

At 0% interest, the monthly payment is the loan amount divided by the number of payments.