Mortgage Calculator
Estimate your monthly mortgage principal and interest, loan amount, and total interest using a fixed-rate mortgage.
Enter your mortgage details
Fixed interest rate and equal monthly principal and interest payments. Property taxes, insurance, PMI, HOA fees, and other charges are not included.
Your mortgage
Amortization schedule
Review how each monthly payment is divided between principal and interest.
| Payment | Beginning Balance | Payment | Principal | Interest | Ending Balance |
|---|
How mortgage payments work
A standard fixed-rate mortgage uses equal monthly principal and interest payments over the selected loan term.
Basic formula
P = loan amount
r = monthly interest rate
n = total number of monthly payments
Example
Frequently asked questions
What does the monthly mortgage payment include?
The calculation includes mortgage principal and interest only.
Does this calculator include property taxes or insurance?
No. Property taxes, homeowners insurance, PMI, HOA fees, and other charges are not included.
Can I calculate a 0% mortgage?
Yes. At 0% interest, the mortgage loan amount is divided evenly across the number of monthly payments.
Does changing currency convert the loan amount?
No. Currency selection changes the displayed monetary unit only and does not perform exchange-rate conversion.
Disclaimer
This calculator is for general informational and educational purposes only. Actual mortgage payments may differ because of taxes, insurance, fees, lender rules, and local requirements.