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Mortgage Calculator
Estimate your monthly mortgage payment and the total interest you would pay over the life of the loan.
How this calculator works
Enter the home price, your down payment, the interest rate and the loan term in years. The calculator subtracts the down payment, then spreads the remaining loan evenly over monthly payments using the standard loan formula.
Example
A $400,000 home with $80,000 down at 6.5% over 30 years leaves a $320,000 loan. The payment is $2,022.62 a month, with total interest of $408,142.36.
Tips
- The result covers principal and interest only. Property tax, insurance and HOA fees come on top.
- Compare a 15-year and a 30-year term. A shorter term raises the payment but cuts total interest sharply.
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Results are estimates only. See our disclaimer.