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Mortgage Calculator - Estimate Monthly Home Loan Payments

Estimate monthly mortgage payments, interest, and home loan costs before you borrow.

Estimate mortgage payments, interest, taxes, insurance, and amortization to compare home loan costs before you buy.

Free to useNo sign-upWorks on mobile

Quick answer

A mortgage calculator helps you estimate what a home loan could cost each month based on price, rate, down payment, and term. Use it to compare scenarios before you buy. Results are estimates only because taxes, insurance, lender fees, and final loan terms can change your actual payment.

Worked example

Estimate only. Taxes, insurance, fees, and lender terms can change the final payment.

Home price
$300,000
Down payment
$60,000
Loan amount
$240,000
Estimated monthly payment
About $1,520 at 6.5% for 30 years

Loan Details

%
Years

Estimated Monthly Payment

$1,347.13
Total Principal$300,000
Total Interest$184,968
Total Cost$484,968
Values are estimates

Amortization Schedule

Full repayment breakdown for each monthly payment.

PaymentAmountPrincipalInterestBalance
1$1,347.13$472.13$875.00$299,527.87
2$1,347.13$473.51$873.62$299,054.35
3$1,347.13$474.89$872.24$298,579.46
4$1,347.13$476.28$870.86$298,103.19
5$1,347.13$477.67$869.47$297,625.52
6$1,347.13$479.06$868.07$297,146.46
7$1,347.13$480.46$866.68$296,666.00
8$1,347.13$481.86$865.28$296,184.14
9$1,347.13$483.26$863.87$295,700.88
10$1,347.13$484.67$862.46$295,216.21
11$1,347.13$486.09$861.05$294,730.12
12$1,347.13$487.50$859.63$294,242.62
13$1,347.13$488.93$858.21$293,753.69
14$1,347.13$490.35$856.78$293,263.34
15$1,347.13$491.78$855.35$292,771.55
16$1,347.13$493.22$853.92$292,278.34
17$1,347.13$494.66$852.48$291,783.68
18$1,347.13$496.10$851.04$291,287.58
19$1,347.13$497.55$849.59$290,790.04
20$1,347.13$499.00$848.14$290,291.04
21$1,347.13$500.45$846.68$289,790.59
22$1,347.13$501.91$845.22$289,288.68
23$1,347.13$503.38$843.76$288,785.30
24$1,347.13$504.84$842.29$288,280.46
25$1,347.13$506.32$840.82$287,774.14
26$1,347.13$507.79$839.34$287,266.35
27$1,347.13$509.27$837.86$286,757.08
28$1,347.13$510.76$836.37$286,246.32
29$1,347.13$512.25$834.89$285,734.07
30$1,347.13$513.74$833.39$285,220.33
31$1,347.13$515.24$831.89$284,705.08
32$1,347.13$516.74$830.39$284,188.34
33$1,347.13$518.25$828.88$283,670.09
34$1,347.13$519.76$827.37$283,150.33
35$1,347.13$521.28$825.86$282,629.05
36$1,347.13$522.80$824.33$282,106.25
37$1,347.13$524.32$822.81$281,581.92
38$1,347.13$525.85$821.28$281,056.07
39$1,347.13$527.39$819.75$280,528.68
40$1,347.13$528.93$818.21$279,999.76
41$1,347.13$530.47$816.67$279,469.29
42$1,347.13$532.02$815.12$278,937.27
43$1,347.13$533.57$813.57$278,403.71
44$1,347.13$535.12$812.01$277,868.58
45$1,347.13$536.68$810.45$277,331.90
46$1,347.13$538.25$808.88$276,793.65
47$1,347.13$539.82$807.31$276,253.83
48$1,347.13$541.39$805.74$275,712.44
49$1,347.13$542.97$804.16$275,169.46
50$1,347.13$544.56$802.58$274,624.91
51$1,347.13$546.14$800.99$274,078.76
52$1,347.13$547.74$799.40$273,531.03
53$1,347.13$549.34$797.80$272,981.69
54$1,347.13$550.94$796.20$272,430.75
55$1,347.13$552.54$794.59$271,878.21
56$1,347.13$554.16$792.98$271,324.05
57$1,347.13$555.77$791.36$270,768.28
58$1,347.13$557.39$789.74$270,210.89
59$1,347.13$559.02$788.12$269,651.87
60$1,347.13$560.65$786.48$269,091.22
61$1,347.13$562.28$784.85$268,528.93
62$1,347.13$563.92$783.21$267,965.01
63$1,347.13$565.57$781.56$267,399.44
64$1,347.13$567.22$779.92$266,832.22
65$1,347.13$568.87$778.26$266,263.35
66$1,347.13$570.53$776.60$265,692.81
67$1,347.13$572.20$774.94$265,120.62
68$1,347.13$573.87$773.27$264,546.75
69$1,347.13$575.54$771.59$263,971.21
70$1,347.13$577.22$769.92$263,393.99
71$1,347.13$578.90$768.23$262,815.09
72$1,347.13$580.59$766.54$262,234.50
73$1,347.13$582.28$764.85$261,652.22
74$1,347.13$583.98$763.15$261,068.24
75$1,347.13$585.69$761.45$260,482.55
76$1,347.13$587.39$759.74$259,895.16
77$1,347.13$589.11$758.03$259,306.05
78$1,347.13$590.82$756.31$258,715.23
79$1,347.13$592.55$754.59$258,122.68
80$1,347.13$594.28$752.86$257,528.40
81$1,347.13$596.01$751.12$256,932.39
82$1,347.13$597.75$749.39$256,334.65
83$1,347.13$599.49$747.64$255,735.16
84$1,347.13$601.24$745.89$255,133.92
85$1,347.13$602.99$744.14$254,530.92
86$1,347.13$604.75$742.38$253,926.17
87$1,347.13$606.52$740.62$253,319.65
88$1,347.13$608.29$738.85$252,711.37
89$1,347.13$610.06$737.07$252,101.31
90$1,347.13$611.84$735.30$251,489.47
91$1,347.13$613.62$733.51$250,875.85
92$1,347.13$615.41$731.72$250,260.43
93$1,347.13$617.21$729.93$249,643.23
94$1,347.13$619.01$728.13$249,024.22
95$1,347.13$620.81$726.32$248,403.41
96$1,347.13$622.62$724.51$247,780.78
97$1,347.13$624.44$722.69$247,156.34
98$1,347.13$626.26$720.87$246,530.08
99$1,347.13$628.09$719.05$245,901.99
100$1,347.13$629.92$717.21$245,272.07
101$1,347.13$631.76$715.38$244,640.31
102$1,347.13$633.60$713.53$244,006.71
103$1,347.13$635.45$711.69$243,371.27
104$1,347.13$637.30$709.83$242,733.97
105$1,347.13$639.16$707.97$242,094.81
106$1,347.13$641.02$706.11$241,453.78
107$1,347.13$642.89$704.24$240,810.89
108$1,347.13$644.77$702.37$240,166.12
109$1,347.13$646.65$700.48$239,519.47
110$1,347.13$648.54$698.60$238,870.93
111$1,347.13$650.43$696.71$238,220.51
112$1,347.13$652.32$694.81$237,568.18
113$1,347.13$654.23$692.91$236,913.96
114$1,347.13$656.14$691.00$236,257.82
115$1,347.13$658.05$689.09$235,599.77
116$1,347.13$659.97$687.17$234,939.80
117$1,347.13$661.89$685.24$234,277.91
118$1,347.13$663.82$683.31$233,614.09
119$1,347.13$665.76$681.37$232,948.33
120$1,347.13$667.70$679.43$232,280.63
121$1,347.13$669.65$677.49$231,610.98
122$1,347.13$671.60$675.53$230,939.38
123$1,347.13$673.56$673.57$230,265.81
124$1,347.13$675.53$671.61$229,590.29
125$1,347.13$677.50$669.64$228,912.79
126$1,347.13$679.47$667.66$228,233.32
127$1,347.13$681.45$665.68$227,551.87
128$1,347.13$683.44$663.69$226,868.43
129$1,347.13$685.43$661.70$226,182.99
130$1,347.13$687.43$659.70$225,495.56
131$1,347.13$689.44$657.70$224,806.12
132$1,347.13$691.45$655.68$224,114.67
133$1,347.13$693.47$653.67$223,421.20
134$1,347.13$695.49$651.65$222,725.72
135$1,347.13$697.52$649.62$222,028.20
136$1,347.13$699.55$647.58$221,328.65
137$1,347.13$701.59$645.54$220,627.05
138$1,347.13$703.64$643.50$219,923.42
139$1,347.13$705.69$641.44$219,217.72
140$1,347.13$707.75$639.39$218,509.98
141$1,347.13$709.81$637.32$217,800.16
142$1,347.13$711.88$635.25$217,088.28
143$1,347.13$713.96$633.17$216,374.32
144$1,347.13$716.04$631.09$215,658.28
145$1,347.13$718.13$629.00$214,940.15
146$1,347.13$720.23$626.91$214,219.92
147$1,347.13$722.33$624.81$213,497.59
148$1,347.13$724.43$622.70$212,773.16
149$1,347.13$726.55$620.59$212,046.62
150$1,347.13$728.66$618.47$211,317.95
151$1,347.13$730.79$616.34$210,587.16
152$1,347.13$732.92$614.21$209,854.24
153$1,347.13$735.06$612.07$209,119.18
154$1,347.13$737.20$609.93$208,381.98
155$1,347.13$739.35$607.78$207,642.62
156$1,347.13$741.51$605.62$206,901.11
157$1,347.13$743.67$603.46$206,157.44
158$1,347.13$745.84$601.29$205,411.60
159$1,347.13$748.02$599.12$204,663.58
160$1,347.13$750.20$596.94$203,913.38
161$1,347.13$752.39$594.75$203,161.00
162$1,347.13$754.58$592.55$202,406.42
163$1,347.13$756.78$590.35$201,649.63
164$1,347.13$758.99$588.14$200,890.65
165$1,347.13$761.20$585.93$200,129.44
166$1,347.13$763.42$583.71$199,366.02
167$1,347.13$765.65$581.48$198,600.37
168$1,347.13$767.88$579.25$197,832.49
169$1,347.13$770.12$577.01$197,062.36
170$1,347.13$772.37$574.77$196,289.99
171$1,347.13$774.62$572.51$195,515.37
172$1,347.13$776.88$570.25$194,738.49
173$1,347.13$779.15$567.99$193,959.35
174$1,347.13$781.42$565.71$193,177.93
175$1,347.13$783.70$563.44$192,394.23
176$1,347.13$785.98$561.15$191,608.24
177$1,347.13$788.28$558.86$190,819.97
178$1,347.13$790.58$556.56$190,029.39
179$1,347.13$792.88$554.25$189,236.51
180$1,347.13$795.19$551.94$188,441.32
181$1,347.13$797.51$549.62$187,643.80
182$1,347.13$799.84$547.29$186,843.96
183$1,347.13$802.17$544.96$186,041.79
184$1,347.13$804.51$542.62$185,237.28
185$1,347.13$806.86$540.28$184,430.42
186$1,347.13$809.21$537.92$183,621.21
187$1,347.13$811.57$535.56$182,809.63
188$1,347.13$813.94$533.19$181,995.70
189$1,347.13$816.31$530.82$181,179.38
190$1,347.13$818.69$528.44$180,360.69
191$1,347.13$821.08$526.05$179,539.61
192$1,347.13$823.48$523.66$178,716.13
193$1,347.13$825.88$521.26$177,890.25
194$1,347.13$828.29$518.85$177,061.96
195$1,347.13$830.70$516.43$176,231.26
196$1,347.13$833.13$514.01$175,398.13
197$1,347.13$835.56$511.58$174,562.58
198$1,347.13$837.99$509.14$173,724.58
199$1,347.13$840.44$506.70$172,884.15
200$1,347.13$842.89$504.25$172,041.26
201$1,347.13$845.35$501.79$171,195.91
202$1,347.13$847.81$499.32$170,348.10
203$1,347.13$850.29$496.85$169,497.81
204$1,347.13$852.77$494.37$168,645.05
205$1,347.13$855.25$491.88$167,789.79
206$1,347.13$857.75$489.39$166,932.05
207$1,347.13$860.25$486.89$166,071.80
208$1,347.13$862.76$484.38$165,209.04
209$1,347.13$865.27$481.86$164,343.77
210$1,347.13$867.80$479.34$163,475.97
211$1,347.13$870.33$476.80$162,605.64
212$1,347.13$872.87$474.27$161,732.77
213$1,347.13$875.41$471.72$160,857.36
214$1,347.13$877.97$469.17$159,979.39
215$1,347.13$880.53$466.61$159,098.86
216$1,347.13$883.10$464.04$158,215.77
217$1,347.13$885.67$461.46$157,330.10
218$1,347.13$888.25$458.88$156,441.84
219$1,347.13$890.85$456.29$155,551.00
220$1,347.13$893.44$453.69$154,657.55
221$1,347.13$896.05$451.08$153,761.50
222$1,347.13$898.66$448.47$152,862.84
223$1,347.13$901.28$445.85$151,961.56
224$1,347.13$903.91$443.22$151,057.64
225$1,347.13$906.55$440.58$150,151.09
226$1,347.13$909.19$437.94$149,241.90
227$1,347.13$911.85$435.29$148,330.06
228$1,347.13$914.50$432.63$147,415.55
229$1,347.13$917.17$429.96$146,498.38
230$1,347.13$919.85$427.29$145,578.53
231$1,347.13$922.53$424.60$144,656.00
232$1,347.13$925.22$421.91$143,730.78
233$1,347.13$927.92$419.21$142,802.86
234$1,347.13$930.63$416.51$141,872.24
235$1,347.13$933.34$413.79$140,938.90
236$1,347.13$936.06$411.07$140,002.83
237$1,347.13$938.79$408.34$139,064.04
238$1,347.13$941.53$405.60$138,122.51
239$1,347.13$944.28$402.86$137,178.23
240$1,347.13$947.03$400.10$136,231.20
241$1,347.13$949.79$397.34$135,281.41
242$1,347.13$952.56$394.57$134,328.85
243$1,347.13$955.34$391.79$133,373.50
244$1,347.13$958.13$389.01$132,415.38
245$1,347.13$960.92$386.21$131,454.45
246$1,347.13$963.73$383.41$130,490.73
247$1,347.13$966.54$380.60$129,524.19
248$1,347.13$969.36$377.78$128,554.84
249$1,347.13$972.18$374.95$127,582.66
250$1,347.13$975.02$372.12$126,607.64
251$1,347.13$977.86$369.27$125,629.78
252$1,347.13$980.71$366.42$124,649.06
253$1,347.13$983.57$363.56$123,665.49
254$1,347.13$986.44$360.69$122,679.04
255$1,347.13$989.32$357.81$121,689.72
256$1,347.13$992.21$354.93$120,697.52
257$1,347.13$995.10$352.03$119,702.42
258$1,347.13$998.00$349.13$118,704.42
259$1,347.13$1,000.91$346.22$117,703.50
260$1,347.13$1,003.83$343.30$116,699.67
261$1,347.13$1,006.76$340.37$115,692.91
262$1,347.13$1,009.70$337.44$114,683.22
263$1,347.13$1,012.64$334.49$113,670.57
264$1,347.13$1,015.59$331.54$112,654.98
265$1,347.13$1,018.56$328.58$111,636.42
266$1,347.13$1,021.53$325.61$110,614.89
267$1,347.13$1,024.51$322.63$109,590.39
268$1,347.13$1,027.50$319.64$108,562.89
269$1,347.13$1,030.49$316.64$107,532.40
270$1,347.13$1,033.50$313.64$106,498.90
271$1,347.13$1,036.51$310.62$105,462.39
272$1,347.13$1,039.54$307.60$104,422.85
273$1,347.13$1,042.57$304.57$103,380.29
274$1,347.13$1,045.61$301.53$102,334.68
275$1,347.13$1,048.66$298.48$101,286.02
276$1,347.13$1,051.72$295.42$100,234.30
277$1,347.13$1,054.78$292.35$99,179.52
278$1,347.13$1,057.86$289.27$98,121.66
279$1,347.13$1,060.95$286.19$97,060.71
280$1,347.13$1,064.04$283.09$95,996.67
281$1,347.13$1,067.14$279.99$94,929.53
282$1,347.13$1,070.26$276.88$93,859.27
283$1,347.13$1,073.38$273.76$92,785.89
284$1,347.13$1,076.51$270.63$91,709.39
285$1,347.13$1,079.65$267.49$90,629.74
286$1,347.13$1,082.80$264.34$89,546.94
287$1,347.13$1,085.96$261.18$88,460.98
288$1,347.13$1,089.12$258.01$87,371.86
289$1,347.13$1,092.30$254.83$86,279.56
290$1,347.13$1,095.49$251.65$85,184.08
291$1,347.13$1,098.68$248.45$84,085.40
292$1,347.13$1,101.88$245.25$82,983.51
293$1,347.13$1,105.10$242.04$81,878.41
294$1,347.13$1,108.32$238.81$80,770.09
295$1,347.13$1,111.55$235.58$79,658.54
296$1,347.13$1,114.80$232.34$78,543.74
297$1,347.13$1,118.05$229.09$77,425.69
298$1,347.13$1,121.31$225.82$76,304.38
299$1,347.13$1,124.58$222.55$75,179.80
300$1,347.13$1,127.86$219.27$74,051.94
301$1,347.13$1,131.15$215.98$72,920.79
302$1,347.13$1,134.45$212.69$71,786.35
303$1,347.13$1,137.76$209.38$70,648.59
304$1,347.13$1,141.08$206.06$69,507.51
305$1,347.13$1,144.40$202.73$68,363.11
306$1,347.13$1,147.74$199.39$67,215.37
307$1,347.13$1,151.09$196.04$66,064.28
308$1,347.13$1,154.45$192.69$64,909.83
309$1,347.13$1,157.81$189.32$63,752.02
310$1,347.13$1,161.19$185.94$62,590.83
311$1,347.13$1,164.58$182.56$61,426.25
312$1,347.13$1,167.97$179.16$60,258.28
313$1,347.13$1,171.38$175.75$59,086.89
314$1,347.13$1,174.80$172.34$57,912.10
315$1,347.13$1,178.22$168.91$56,733.87
316$1,347.13$1,181.66$165.47$55,552.21
317$1,347.13$1,185.11$162.03$54,367.11
318$1,347.13$1,188.56$158.57$53,178.54
319$1,347.13$1,192.03$155.10$51,986.51
320$1,347.13$1,195.51$151.63$50,791.01
321$1,347.13$1,198.99$148.14$49,592.01
322$1,347.13$1,202.49$144.64$48,389.52
323$1,347.13$1,206.00$141.14$47,183.52
324$1,347.13$1,209.52$137.62$45,974.01
325$1,347.13$1,213.04$134.09$44,760.97
326$1,347.13$1,216.58$130.55$43,544.38
327$1,347.13$1,220.13$127.00$42,324.25
328$1,347.13$1,223.69$123.45$41,100.57
329$1,347.13$1,227.26$119.88$39,873.31
330$1,347.13$1,230.84$116.30$38,642.47
331$1,347.13$1,234.43$112.71$37,408.04
332$1,347.13$1,238.03$109.11$36,170.02
333$1,347.13$1,241.64$105.50$34,928.38
334$1,347.13$1,245.26$101.87$33,683.12
335$1,347.13$1,248.89$98.24$32,434.23
336$1,347.13$1,252.53$94.60$31,181.69
337$1,347.13$1,256.19$90.95$29,925.51
338$1,347.13$1,259.85$87.28$28,665.66
339$1,347.13$1,263.53$83.61$27,402.13
340$1,347.13$1,267.21$79.92$26,134.92
341$1,347.13$1,270.91$76.23$24,864.01
342$1,347.13$1,274.61$72.52$23,589.40
343$1,347.13$1,278.33$68.80$22,311.07
344$1,347.13$1,282.06$65.07$21,029.01
345$1,347.13$1,285.80$61.33$19,743.21
346$1,347.13$1,289.55$57.58$18,453.66
347$1,347.13$1,293.31$53.82$17,160.35
348$1,347.13$1,297.08$50.05$15,863.26
349$1,347.13$1,300.87$46.27$14,562.40
350$1,347.13$1,304.66$42.47$13,257.74
351$1,347.13$1,308.47$38.67$11,949.27
352$1,347.13$1,312.28$34.85$10,636.99
353$1,347.13$1,316.11$31.02$9,320.88
354$1,347.13$1,319.95$27.19$8,000.93
355$1,347.13$1,323.80$23.34$6,677.13
356$1,347.13$1,327.66$19.47$5,349.47
357$1,347.13$1,331.53$15.60$4,017.94
358$1,347.13$1,335.42$11.72$2,682.53
359$1,347.13$1,339.31$7.82$1,343.22
360$1,347.13$1,343.22$3.92$0.00

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How to Calculate Mortgage Payments

Estimate your home loan repayment instantly.

1

Loan Amount

Enter the total loan principal.

2

Interest Rate

Input the annual interest rate.

3

Loan Term

Select the repayment period (e.g., 15 or 30 years).

4

Calculate

View your estimated monthly payment and total interest cost.

What does this tool do?

Planning to buy a home? Our Mortgage Calculator helps you estimate your monthly mortgage payments with precision. Be financially prepared by understanding the impact of interest rates, loan terms, and down payments on your monthly budget.

Frequently Asked Questions

Is this mortgage calculator accurate?

It uses standard mortgage formulas and provides reliable estimates. Actual lender terms may vary.

Does it include taxes and insurance?

This calculator focuses on principal and interest. Taxes and insurance may be added separately.

Can I use it for refinancing?

Yes. It can estimate payments for refinance scenarios as well.

Is this tool free?

Yes. It is completely free with no usage limits.

What Is a Mortgage?

A mortgage is a long-term loan used to purchase or refinance real estate, typically repaid over 15 to 30 years. The property itself acts as collateral until the loan is fully paid off.

Each monthly mortgage payment generally includes:

  • Principal repayment
  • Interest on the loan
  • Optional taxes and insurance (depending on loan structure)

How Payments Are Calculated

Mortgage payments are calculated using a fixed amortization formula. The monthly payment remains constant, but the portion allocated to interest and principal changes over time.

Early payments: Mostly interest.
Later payments: Mostly principal.

What This Mortgage Calculator Shows

Monthly Payment
Estimated cost per month
Total Principal
Amount borrowed
Total Interest
Cost of borrowing
Overall Cost
Principal + Interest

Understanding all of these values is critical when comparing loan offers.

Interest Rate & Loan Term Impact

Interest Rate

Lower rates reduce both monthly payments and total loan cost. Higher rates increase long-term interest significantly.

Loan Term

Longer terms (30y) reduce monthly payments but increase total interest. Shorter terms (15y) raise monthly payments but save money overall.

Common Planning Mistakes

  • Choosing a loan based only on monthly payment
  • Ignoring total interest cost
  • Overlooking interest rate sensitivity
  • Not comparing different loan terms

Why Mortgage Calculation Matters

Many buyers focus only on the home price and underestimate the long-term cost of borrowing. Even a small interest rate difference can add tens of thousands of dollars over time. This calculator helps you assess affordability realistically and avoid over-stretching monthly finances.

Useful For:
First-time homebuyers
Refinancing deals
Investors

Built for Clear and Confident Home Buying

CalcSuite’s Mortgage Calculator is designed to simplify home loan planning. It delivers fast, accurate estimates and helps users evaluate affordability without confusion or hidden assumptions.

Install App

Add CalcSuite to your home screen for instant offline access.