Mortgage Calculator

Estimate monthly mortgage payment, total interest, and total cost.

Home price

Down payment

Interest rate (annual %)

Loan term (years)

Optional monthly extras

Property tax (year)

Home insurance (year)

HOA (month)

Result—

Example: $300,000 home, $60,000 down, 4% for 25 years → monthly payment

Formula

M = P × r × (1+r)^n ÷ [(1+r)^n − 1]
where r = monthly rate, n = months