Mortgage Calculator
Calculate the monthly payment, total paid, and total interest on a mortgage.
Monthly payment
$1,703.37
Total paid
$613,212.12
Total interest
$313,212.12
Enter the loan amount, annual interest rate, and term in years to get the standard amortized monthly payment and totals.
How to use
- Enter the loan amount.
- Set the annual interest rate and term in years.
- Read the monthly payment, total paid, and total interest.
Frequently asked questions
- How is the monthly payment calculated?
- It uses the standard amortization formula, spreading principal and interest evenly across every month of the term.
- Does this include taxes and insurance?
- No, it covers only principal and interest, not property taxes, insurance, or fees.