Finance Calculators
Mortgage Calculator
Calculate your mortgage payment, loan amount and total interest.
Free foreverRuns in your browserNo sign-up
Monthly payment
$1,516.96
$240,000.00
Loan amount
$1,516.96
Principal and interest
$306,106.77
Total interest
$546,106.77
Total paid
The loan amount is the home price minus the down payment. Total interest and total paid cover the principal and interest only. Property tax and insurance, when entered, are added to the monthly payment.
About the Mortgage Calculator
The Mortgage Calculator works out your monthly home loan payment from the home price, down payment, interest rate and term.
The loan amount is the home price minus the down payment. It shows the principal and interest payment, total interest and total paid over the full term.
Optional property tax and home insurance are added to the monthly payment when you enter them, giving a fuller monthly cost. All maths runs in your browser.
Key features
- Monthly payment and loan amount
- Total interest and total paid
- Optional property tax and insurance
- Locale-aware currency formatting
How to use
- 1Enter the home price and choose a currency.
- 2Enter the down payment, interest rate and term.
- 3Optionally add annual property tax and home insurance.
- 4Read the monthly payment and cost breakdown.
Frequently asked questions
- How is the loan amount calculated?
- The loan amount is the home price minus the down payment. That amount is what the interest and payments are based on.
- Are property tax and insurance included?
- Only if you enter them. When provided, they are added to the monthly payment. Total interest and total paid cover principal and interest only.
- Is this an exact quote?
- No. It is an estimate. Lenders may add fees, mortgage insurance and other costs that are not modelled here.