Free Mortgage Calculator

Estimate your monthly mortgage payment, total interest, and lifetime borrowing costs.

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Mortgage Details

Your Mortgage Results

Monthly Principal & Interest: $2,022.62

Mortgage Loan Amount: $320,000.00

Total Interest Paid: $408,142.36

Total Loan Payments Over 30 Years: $728,142.36

How to Use This Mortgage Calculator

Enter the home's purchase price, annual mortgage interest rate, and down payment. The calculator subtracts your down payment from the purchase price to determine the amount financed.

This calculator assumes a fixed-rate, 30-year mortgage with 360 equal monthly payments. Results include principal and interest only.

Property taxes, homeowners insurance, mortgage insurance, HOA fees, and closing costs are not included. Your actual monthly housing payment may be higher.