Calculate your mortgage payment in a few quick steps.
Fill in the home price and your down payment amount (or percentage, if available).
Choose the loan term in years (for example, 15 or 30 years).
Enter the annual interest rate offered by your lender.
Check the monthly payment and the amortization schedule to understand principal vs. interest over time.
Your monthly payment is calculated from the loan amount, interest rate, and loan term using the standard amortization formula.
Most mortgage payments include principal and interest. Depending on your situation, you may also pay property taxes, homeowners insurance, and PMI.
An amortization schedule shows how each payment is split between interest and principal, and how your remaining balance changes over time.
Easily calculate your monthly mortgage payments and loan amortization schedule for fixed-rate mortgages.
The Mortgage Calculator helps you calculate your monthly payments and provides an amortization schedule for fixed-rate mortgages. Input your loan amount, interest rate, and term to get a breakdown of payments and how much interest you'll pay over the life of the loan.
Calculate your mortgage payment in a few quick steps.