Mortgage Calculator

Estimate your monthly mortgage payments.

Mortgage Details

Home Price

Down Payment

Interest Rate

Loan Term

Years

Monthly Payment

$1,362.69

Estimated Payoff: 2055

Loan Amount

$240,000.00

Home Price - Down Payment

Total Interest

$250,569.70

Cost Breakdown

Total Cost$490,570

Principal (Loan Amount)

48.9%

Total Interest

51.1%

Amortization Schedule

Monthly Breakdown

Month	Principal	Interest	Balance
1	262.69	1,100.00	239,737.31
2	263.90	1,098.80	239,473.41
3	265.11	1,097.59	239,208.30
4	266.32	1,096.37	238,941.98
5	267.54	1,095.15	238,674.44
6	268.77	1,093.92	238,405.67
7	270.00	1,092.69	238,135.67
8	271.24	1,091.46	237,864.43
9	272.48	1,090.21	237,591.95
10	273.73	1,088.96	237,318.22
11	274.99	1,087.71	237,043.23
12	276.25	1,086.45	236,766.99
13	277.51	1,085.18	236,489.47
14	278.78	1,083.91	236,210.69
15	280.06	1,082.63	235,930.63
16	281.34	1,081.35	235,649.28
17	282.63	1,080.06	235,366.65
18	283.93	1,078.76	235,082.72
19	285.23	1,077.46	234,797.49
20	286.54	1,076.16	234,510.95
21	287.85	1,074.84	234,223.10
22	289.17	1,073.52	233,933.93
23	290.50	1,072.20	233,643.43
24	291.83	1,070.87	233,351.60
25	293.17	1,069.53	233,058.44
26	294.51	1,068.18	232,763.93
27	295.86	1,066.83	232,468.07
28	297.21	1,065.48	232,170.85
29	298.58	1,064.12	231,872.28
30	299.95	1,062.75	231,572.33
31	301.32	1,061.37	231,271.01
32	302.70	1,059.99	230,968.31
33	304.09	1,058.60	230,664.22
34	305.48	1,057.21	230,358.74
35	306.88	1,055.81	230,051.86
36	308.29	1,054.40	229,743.57
37	309.70	1,052.99	229,433.86
38	311.12	1,051.57	229,122.74
39	312.55	1,050.15	228,810.19
40	313.98	1,048.71	228,496.21
41	315.42	1,047.27	228,180.80
42	316.86	1,045.83	227,863.93
43	318.32	1,044.38	227,545.61
44	319.78	1,042.92	227,225.84
45	321.24	1,041.45	226,904.60
46	322.71	1,039.98	226,581.88
47	324.19	1,038.50	226,257.69
48	325.68	1,037.01	225,932.01
49	327.17	1,035.52	225,604.84
50	328.67	1,034.02	225,276.17
51	330.18	1,032.52	224,945.99
52	331.69	1,031.00	224,614.30
53	333.21	1,029.48	224,281.08
54	334.74	1,027.95	223,946.35
55	336.27	1,026.42	223,610.07
56	337.81	1,024.88	223,272.26
57	339.36	1,023.33	222,932.90
58	340.92	1,021.78	222,591.98
59	342.48	1,020.21	222,249.50
60	344.05	1,018.64	221,905.45
61	345.63	1,017.07	221,559.82
62	347.21	1,015.48	221,212.61
63	348.80	1,013.89	220,863.81
64	350.40	1,012.29	220,513.41
65	352.01	1,010.69	220,161.40
66	353.62	1,009.07	219,807.78
67	355.24	1,007.45	219,452.54
68	356.87	1,005.82	219,095.67
69	358.51	1,004.19	218,737.16
70	360.15	1,002.55	218,377.01
71	361.80	1,000.89	218,015.22
72	363.46	999.24	217,651.76
73	365.12	997.57	217,286.64
74	366.80	995.90	216,919.84
75	368.48	994.22	216,551.36
76	370.17	992.53	216,181.19
77	371.86	990.83	215,809.33
78	373.57	989.13	215,435.76
79	375.28	987.41	215,060.48
80	377.00	985.69	214,683.48
81	378.73	983.97	214,304.76
82	380.46	982.23	213,924.29
83	382.21	980.49	213,542.09
84	383.96	978.73	213,158.13
85	385.72	976.97	212,772.41
86	387.49	975.21	212,384.92
87	389.26	973.43	211,995.66
88	391.05	971.65	211,604.61
89	392.84	969.85	211,211.77
90	394.64	968.05	210,817.13
91	396.45	966.25	210,420.69
92	398.27	964.43	210,022.42
93	400.09	962.60	209,622.33
94	401.92	960.77	209,220.40
95	403.77	958.93	208,816.64
96	405.62	957.08	208,411.02
97	407.48	955.22	208,003.54
98	409.34	953.35	207,594.20
99	411.22	951.47	207,182.98
100	413.10	949.59	206,769.87
101	415.00	947.70	206,354.88
102	416.90	945.79	205,937.98
103	418.81	943.88	205,519.16
104	420.73	941.96	205,098.43
105	422.66	940.03	204,675.77
106	424.60	938.10	204,251.18
107	426.54	936.15	203,824.64
108	428.50	934.20	203,396.14
109	430.46	932.23	202,965.68
110	432.43	930.26	202,533.24
111	434.42	928.28	202,098.83
112	436.41	926.29	201,662.42
113	438.41	924.29	201,224.01
114	440.42	922.28	200,783.60
115	442.44	920.26	200,341.16
116	444.46	918.23	199,896.70
117	446.50	916.19	199,450.20
118	448.55	914.15	199,001.65
119	450.60	912.09	198,551.05
120	452.67	910.03	198,098.38
121	454.74	907.95	197,643.64
122	456.83	905.87	197,186.81
123	458.92	903.77	196,727.89
124	461.02	901.67	196,266.86
125	463.14	899.56	195,803.73
126	465.26	897.43	195,338.47
127	467.39	895.30	194,871.07
128	469.53	893.16	194,401.54
129	471.69	891.01	193,929.85
130	473.85	888.85	193,456.01
131	476.02	886.67	192,979.99
132	478.20	884.49	192,501.78
133	480.39	882.30	192,021.39
134	482.60	880.10	191,538.79
135	484.81	877.89	191,053.99
136	487.03	875.66	190,566.96
137	489.26	873.43	190,077.70
138	491.50	871.19	189,586.19
139	493.76	868.94	189,092.43
140	496.02	866.67	188,596.41
141	498.29	864.40	188,098.12
142	500.58	862.12	187,597.54
143	502.87	859.82	187,094.67
144	505.18	857.52	186,589.50
145	507.49	855.20	186,082.00
146	509.82	852.88	185,572.19
147	512.15	850.54	185,060.03
148	514.50	848.19	184,545.53
149	516.86	845.83	184,028.67
150	519.23	843.46	183,509.44
151	521.61	841.08	182,987.83
152	524.00	838.69	182,463.83
153	526.40	836.29	181,937.43
154	528.81	833.88	181,408.62
155	531.24	831.46	180,877.38
156	533.67	829.02	180,343.71
157	536.12	826.58	179,807.59
158	538.58	824.12	179,269.01
159	541.04	821.65	178,727.97
160	543.52	819.17	178,184.45
161	546.01	816.68	177,638.43
162	548.52	814.18	177,089.91
163	551.03	811.66	176,538.88
164	553.56	809.14	175,985.33
165	556.09	806.60	175,429.23
166	558.64	804.05	174,870.59
167	561.20	801.49	174,309.39
168	563.78	798.92	173,745.61
169	566.36	796.33	173,179.25
170	568.96	793.74	172,610.30
171	571.56	791.13	172,038.73
172	574.18	788.51	171,464.55
173	576.81	785.88	170,887.73
174	579.46	783.24	170,308.28
175	582.11	780.58	169,726.16
176	584.78	777.91	169,141.38
177	587.46	775.23	168,553.92
178	590.15	772.54	167,963.76
179	592.86	769.83	167,370.90
180	595.58	767.12	166,775.33
181	598.31	764.39	166,177.02
182	601.05	761.64	165,575.97
183	603.80	758.89	164,972.17
184	606.57	756.12	164,365.60
185	609.35	753.34	163,756.25
186	612.14	750.55	163,144.10
187	614.95	747.74	162,529.15
188	617.77	744.93	161,911.38
189	620.60	742.09	161,290.78
190	623.44	739.25	160,667.34
191	626.30	736.39	160,041.04
192	629.17	733.52	159,411.87
193	632.06	730.64	158,779.81
194	634.95	727.74	158,144.86
195	637.86	724.83	157,506.99
196	640.79	721.91	156,866.21
197	643.72	718.97	156,222.48
198	646.67	716.02	155,575.81
199	649.64	713.06	154,926.17
200	652.62	710.08	154,273.56
201	655.61	707.09	153,617.95
202	658.61	704.08	152,959.34
203	661.63	701.06	152,297.71
204	664.66	698.03	151,633.05
205	667.71	694.98	150,965.34
206	670.77	691.92	150,294.57
207	673.84	688.85	149,620.72
208	676.93	685.76	148,943.79
209	680.03	682.66	148,263.76
210	683.15	679.54	147,580.61
211	686.28	676.41	146,894.32
212	689.43	673.27	146,204.90
213	692.59	670.11	145,512.31
214	695.76	666.93	144,816.55
215	698.95	663.74	144,117.60
216	702.15	660.54	143,415.44
217	705.37	657.32	142,710.07
218	708.61	654.09	142,001.46
219	711.85	650.84	141,289.61
220	715.12	647.58	140,574.49
221	718.39	644.30	139,856.10
222	721.69	641.01	139,134.41
223	724.99	637.70	138,409.42
224	728.32	634.38	137,681.10
225	731.66	631.04	136,949.45
226	735.01	627.68	136,214.44
227	738.38	624.32	135,476.06
228	741.76	620.93	134,734.30
229	745.16	617.53	133,989.14
230	748.58	614.12	133,240.56
231	752.01	610.69	132,488.55
232	755.45	607.24	131,733.10
233	758.92	603.78	130,974.18
234	762.40	600.30	130,211.79
235	765.89	596.80	129,445.90
236	769.40	593.29	128,676.50
237	772.93	589.77	127,903.57
238	776.47	586.22	127,127.10
239	780.03	582.67	126,347.07
240	783.60	579.09	125,563.47
241	787.19	575.50	124,776.28
242	790.80	571.89	123,985.47
243	794.43	568.27	123,191.05
244	798.07	564.63	122,392.98
245	801.73	560.97	121,591.25
246	805.40	557.29	120,785.85
247	809.09	553.60	119,976.76
248	812.80	549.89	119,163.96
249	816.53	546.17	118,347.43
250	820.27	542.43	117,527.17
251	824.03	538.67	116,703.14
252	827.80	534.89	115,875.34
253	831.60	531.10	115,043.74
254	835.41	527.28	114,208.33
255	839.24	523.45	113,369.09
256	843.09	519.61	112,526.00
257	846.95	515.74	111,679.05
258	850.83	511.86	110,828.22
259	854.73	507.96	109,973.49
260	858.65	504.05	109,114.84
261	862.58	500.11	108,252.26
262	866.54	496.16	107,385.72
263	870.51	492.18	106,515.21
264	874.50	488.19	105,640.71
265	878.51	484.19	104,762.21
266	882.53	480.16	103,879.67
267	886.58	476.12	102,993.09
268	890.64	472.05	102,102.45
269	894.72	467.97	101,207.73
270	898.82	463.87	100,308.90
271	902.94	459.75	99,405.96
272	907.08	455.61	98,498.88
273	911.24	451.45	97,587.64
274	915.42	447.28	96,672.22
275	919.61	443.08	95,752.61
276	923.83	438.87	94,828.78
277	928.06	434.63	93,900.72
278	932.32	430.38	92,968.40
279	936.59	426.11	92,031.81
280	940.88	421.81	91,090.93
281	945.19	417.50	90,145.74
282	949.53	413.17	89,196.21
283	953.88	408.82	88,242.34
284	958.25	404.44	87,284.09
285	962.64	400.05	86,321.44
286	967.05	395.64	85,354.39
287	971.49	391.21	84,382.91
288	975.94	386.75	83,406.97
289	980.41	382.28	82,426.55
290	984.91	377.79	81,441.65
291	989.42	373.27	80,452.23
292	993.95	368.74	79,458.28
293	998.51	364.18	78,459.77
294	1,003.09	359.61	77,456.68
295	1,007.68	355.01	76,449.00
296	1,012.30	350.39	75,436.69
297	1,016.94	345.75	74,419.75
298	1,021.60	341.09	73,398.15
299	1,026.29	336.41	72,371.86
300	1,030.99	331.70	71,340.87
301	1,035.71	326.98	70,305.16
302	1,040.46	322.23	69,264.70
303	1,045.23	317.46	68,219.47
304	1,050.02	312.67	67,169.45
305	1,054.83	307.86	66,114.61
306	1,059.67	303.03	65,054.94
307	1,064.53	298.17	63,990.42
308	1,069.40	293.29	62,921.02
309	1,074.31	288.39	61,846.71
310	1,079.23	283.46	60,767.48
311	1,084.18	278.52	59,683.30
312	1,089.15	273.55	58,594.16
313	1,094.14	268.56	57,500.02
314	1,099.15	263.54	56,400.87
315	1,104.19	258.50	55,296.68
316	1,109.25	253.44	54,187.43
317	1,114.33	248.36	53,073.10
318	1,119.44	243.25	51,953.65
319	1,124.57	238.12	50,829.08
320	1,129.73	232.97	49,699.35
321	1,134.90	227.79	48,564.45
322	1,140.11	222.59	47,424.34
323	1,145.33	217.36	46,279.01
324	1,150.58	212.11	45,128.43
325	1,155.85	206.84	43,972.57
326	1,161.15	201.54	42,811.42
327	1,166.47	196.22	41,644.95
328	1,171.82	190.87	40,473.13
329	1,177.19	185.50	39,295.93
330	1,182.59	180.11	38,113.35
331	1,188.01	174.69	36,925.34
332	1,193.45	169.24	35,731.89
333	1,198.92	163.77	34,532.96
334	1,204.42	158.28	33,328.55
335	1,209.94	152.76	32,118.61
336	1,215.48	147.21	30,903.13
337	1,221.05	141.64	29,682.07
338	1,226.65	136.04	28,455.42
339	1,232.27	130.42	27,223.15
340	1,237.92	124.77	25,985.23
341	1,243.59	119.10	24,741.63
342	1,249.29	113.40	23,492.34
343	1,255.02	107.67	22,237.32
344	1,260.77	101.92	20,976.54
345	1,266.55	96.14	19,709.99
346	1,272.36	90.34	18,437.64
347	1,278.19	84.51	17,159.45
348	1,284.05	78.65	15,875.40
349	1,289.93	72.76	14,585.47
350	1,295.84	66.85	13,289.63
351	1,301.78	60.91	11,987.85
352	1,307.75	54.94	10,680.10
353	1,313.74	48.95	9,366.35
354	1,319.76	42.93	8,046.59
355	1,325.81	36.88	6,720.78
356	1,331.89	30.80	5,388.89
357	1,337.99	24.70	4,050.89
358	1,344.13	18.57	2,706.76
359	1,350.29	12.41	1,356.48
360	1,356.48	6.22	0.00

Features

Monthly Payment Estimate

Quickly find out your potential monthly mortgage payment based on your loan details.

Cost Breakdown

Visualize the split between the loan principal and the total interest paid over the life of the loan.

Amortization Schedule

See a detailed month-by-month payment schedule showing principal and interest portions.

Total Cost Analysis

Understand the full cost of the loan including total interest paid.

About Mortgage Calculator

Plan your home purchase with confidence using our Mortgage Calculator. By entering the home price, down payment, interest rate, and loan term, you can instantly see your estimated monthly payments. This tool helps you budget effectively and understand the total cost of financing a home before you sign the papers. Formula Used: Principal = Home Price - Down Payment M = P [ i(1 + i)^n ] / [ (1 + i)^n – 1 ] Where: M = Total monthly payment P = The Principal loan amount i = Monthly interest rate (Annual Rate / 12) n = Total number of months (Years x 12)

How to Use Mortgage Calculator

1
Enter Home Price
Input the total purchase price of the home you are considering.
2
Set Down Payment
Enter the amount of money you plan to pay upfront.
3
Specify Interest Rate
Enter the annual mortgage interest rate.
4
Choose Loan Term
Select the duration of the mortgage in years (e.g., 15 or 30 years).
5
View Payment Details
Instantly see your estimated monthly payment and total interest cost.
6
Review Schedule
Check the amortization schedule to see how your balance decreases over time.