Money
Mortgage calculator
Estimate the monthly principal and interest cost of a fixed-rate home loan.
Estimates principal and interest only using equal monthly payments and a fixed annual rate.
Monthly principal and interest
$1,438.92
360 payments on a $240,000.00 mortgage.
Property taxes, insurance, fees, variable rates, and lender-specific calculations are excluded.
Plain-language method
Finance the price left after your down payment.
The mortgage principal is the home price minus the down payment. A standard amortisation formula then spreads principal and interest across equal monthly payments.
This result isolates the loan itself. A real housing payment may also include property taxes, insurance, association fees, mortgage insurance, and lender charges.
Results update instantly and stay on your device. Review the assumptions above before using an estimate for a financial decision.