Mortgage Calculator

Estimate your monthly mortgage payments including principal and interest. Enter your loan details to calculate your payment based on loan amount, interest rate, and term.

Enter Loan Details

Loan Amount ($)

Annual Interest Rate (%)

Loan Term (Years)

Your Results

Enter your loan details and click Calculate to see your results.

Understanding Mortgage Payments

A mortgage payment typically consists of four components:

Principal: The amount borrowed that goes toward the purchase price
Interest: The cost of borrowing money, calculated as a percentage of the loan
Property Taxes: Annual taxes assessed by local governments (often escrowed)
Homeowners Insurance: Insurance coverage for your property (often escrowed)

Note: This calculator shows principal and interest only. Your actual monthly payment may include property taxes, homeowners insurance, and PMI (Private Mortgage Insurance) if applicable.