Mortgage Calculator
Calculate your estimated monthly mortgage payment and see how much interest you'll pay over the life of the loan.
Understanding Mortgage Payments
This calculator uses the annuity formula to calculate fixed monthly payments. Each payment includes both principal and interest, with the proportion changing over time:
- Early payments: Mostly interest, less principal
- Later payments: Mostly principal, less interest
Note: This calculation doesn't include additional costs like insurance, property taxes, or fees. Actual mortgage terms may vary by lender.