Mortgage Loan Interest Calculator
Mortgage Payment Calculator
Estimate your monthly payment, total interest, and payoff schedule.
Monthly payment
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- Principal —
- Interest —
- Total of payments
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- Total interest
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- Payoff
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Principal and interest only — this estimate excludes property tax, home insurance, PMI, and HOA fees.
How this was calculated
Standard fixed-rate amortization:
M = P × r × (1 + r)n ÷ ((1 + r)n − 1)
- P — loan amount
- r — monthly rate (annual rate ÷ 12)
- n — number of payments (years × 12)
Yearly amortization schedule
| Year | Interest paid | Principal paid | Balance |
|---|