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Mortgage Calculator

Calculate the loan amount and monthly principal and interest from price, down payment, rate and term.

SIMILAR FINANCE

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Loan Calculator

Calculate monthly payment, total payment and total interest from principal, rate and term.

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Compound Interest Calculator

Enter principal, rate, duration, and compound frequency, with an optional regular contribution, to calculate the ending balance and interest earned

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ROI Calculator

Calculate gain or loss and ROI from an initial investment and a final value.

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WHAT IS MORTGAGE CALCULATOR?

Enter home price, down payment, rate and term to get the loan amount and monthly principal and interest. Property tax, insurance and other fees are not included.

How to use?

  1. Enter the home price and down payment.
  2. Enter the interest rate and term.
  3. Read the loan amount and monthly principal and interest.

Notes

  • Results cover principal and interest only, not property tax or insurance.

Frequently asked questions

Does the result include property tax, insurance, or HOA fees?

No — this calculator covers principal & interest only, and the page clearly states this scope rather than implying those costs are included.

Can the down payment exceed the home price?

No — the tool validates this and shows an error, since that would make the loan amount negative and meaningless.

How is the monthly payment calculated?

The loan amount (home price minus down payment) is calculated first, then the same standard amortizing-loan formula used by the Loan Calculator is applied to it.

This calculator covers principal & interest only — property tax, homeowners insurance, and HOA dues are not included.

%
yrs
Loan amount400,000.00
Monthly P&I2,528.27
Total interest510,177.95
Total payment910,177.95

Results are estimates based on the values entered.