Enter the home price and down payment
Use the price you are considering and the cash you plan to put down.
Calculators
Mortgage Payment Calculator
Free online mortgage payment calculator
Enter the values
Local processingThe loan amount is the home price minus the down payment. Taxes and insurance are not included.
Result
The result will appear here after you run the tool.
Press Ctrl or Command and Enter to run the tool.
About this tool
About this tool
Mortgage Payment Calculator subtracts the down payment from the home price to find the loan amount, then applies standard fixed-rate amortization for the monthly payment and totals. The down payment percentage is shown alongside the results.
Plan a home purchase with a realistic payment estimate. Enter the home price, your down payment, the mortgage rate, and the term, and the calculator derives the loan amount and returns the monthly payment, total interest, and total cost. Useful for comparing scenarios before contacting a lender.
Built for daily work
- Estimate the payment on a home you are considering.
- Compare 15-year and 30-year mortgage scenarios.
- Check how a larger down payment changes the payment.
- Budget for a first home purchase.
How to use this tool
How to use this tool
Add the rate and term
Enter the yearly mortgage rate and the term, typically 30 or 15 years.
Read the payment breakdown
The monthly payment is shown with the loan amount, down payment share, and totals.
Key features
Key features
Down payment aware
The loan amount is derived from price minus down payment, with the percentage shown.
Total cost visibility
Total interest and total paid make the long-term cost clear.
Scenario comparison
Change the rate, term, or down payment and recalculate instantly.
Local calculation
All mortgage math runs in your browser.
Practical use cases
Practical use cases
- Estimate the payment on a home you are considering.
- Compare 15-year and 30-year mortgage scenarios.
- Check how a larger down payment changes the payment.
- Budget for a first home purchase.
- Evaluate a refinance at current rates.
Private by default
For local tools, input is processed in your browser and is not sent to application analytics.
Data processing noticeTechnical details
Technical details
ProcessingLocal browser processing
InputsHome price, down payment, rate, term
OutputMonthly payment, loan amount, total interest
ExclusionsTaxes, insurance, and PMI
Limitations and important notes
Limitations and important notes
- Taxes, insurance, and PMI are not included in the payment.
- The rate is assumed fixed for the full term.
- Closing costs are separate from the loan math.
Frequently asked questions
Frequently asked questions
Only the principal and interest. Property taxes, homeowners insurance, and HOA fees are excluded.
It is the home price minus your down payment.
No. Private mortgage insurance, which may apply below a 20 percent down payment, is not modeled.
No. It is an educational estimate; a lender determines the actual rate and terms.
Related guides and solutions
Related guides and solutions
How to calculate mortgage payments before talking to a lender
A practical guide to estimating mortgage payments with the [mortgage calculator](tool:mortgage-calculator): the inputs you need, how principal and interest are computed, and how to compare rate offers.
Learn moreEstimate your mortgage payment before the lender meeting
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