Mortgage Calculator
Calculate your monthly mortgage payment, total interest, and amortization schedule
Loan Details
Enter your loan information to calculate monthly payments
Payment Summary
Your mortgage payment breakdown
Enter loan details and click calculate to see your payment summary
About Mortgage Payments
How Mortgage Payments Work
Your monthly mortgage payment consists of principal and interest. In the early years of your loan, most of your payment goes toward interest. As you pay down the principal, more of your payment goes toward the principal balance.
Factors That Affect Your Payment
- • Loan Amount: The total amount you borrow
- • Interest Rate: The annual percentage rate (APR)
- • Loan Term: The length of time to repay the loan
- • Property Taxes: Usually included in escrow
- • Insurance: Homeowners and PMI if applicable