Real Estate Finance
Mortgage Calculator
Home Loan
Estimate your monthly mortgage payments, total interest, and full amortization.
Home Price
$
Down Payment
$
Interest Rate
%
Loan Term
Interest
0%
Monthly Payment
$0
principal + interest
Loan Amount
$0
Total Interest
$0
Total Payment
$0
Pay-off Date
—
How the formula works
M = P × r × (1 + r)ⁿ / [(1 + r)ⁿ − 1]
- P = Loan Amount (Home Price − Down Payment)
- r = Monthly interest rate (Annual Rate ÷ 12 ÷ 100)
- n = Total number of payments (Term in months)
- M = Monthly Payment — includes principal and interest
- Total Payment = M × n, and Total Interest = Total Payment − P