Mortgage Payment Calculator

Estimate what a home loan would cost you each month. Enter the price, what you are putting down, the interest rate and how long you would pay it over to see your payment and what the loan costs in total.

Home priceThe full asking price, before your deposit comes off it.

Down paymentThe cash you pay up front. Whatever is left over is what you borrow.

That's 20% of the price.

Interest rateThe yearly rate the lender charges. If you do not have a quote yet, put in a rough figure to see the effect.

How long you'll pay it overHow many years you take to pay the loan back. A shorter term costs more each month but a lot less in interest overall.

30 years 20 years 15 years

Taxes and insurance

Both are yearly amounts. Optional, but the total above only includes them once you fill them in.

Property taxWhat the local authority charges on the home each year. The listing or your agent usually shows it.

Home insuranceWhat insuring the building costs each year. Lenders normally require you to have it.

Your monthly payment would be

$2,275

This is the loan repayment only. Property tax, home insurance and any fees are charged on top. Add yours on the left to see the full monthly cost.

What you borrow, and what it costs

The amount you borrow

Interest you'd pay

This is an estimate, not a loan offer or advice. It assumes the interest rate never changes, and it leaves out closing costs, lender fees and mortgage insurance, which lenders usually add if you put down less than 20%. What a lender actually offers you will be different. Talk to us about your own situation before relying on it.

Mortgage Payment Calculator

Questions about your results?