Mortgage payment calculator
Estimate your monthly mortgage payment based on home price, down payment, interest rate, and loan term. This includes principal and interest — add your own tax and insurance estimates for a full picture.
Result
Loan amount$320,000.00
Monthly payment (P&I)$2,022.62
Total interest paid$408,142.36
Total paid over loan term$728,142.36
Excludes property tax, homeowners insurance, PMI, and HOA fees.
Frequently asked questions
What's included in this calculation?
Principal and interest only. Your actual payment will likely be higher once property tax, homeowners insurance, and PMI (if your down payment is under 20%) are added.
How does the down payment affect my payment?
A larger down payment reduces the loan amount, which lowers both your monthly payment and the total interest you'll pay over the life of the loan.