Mortgage Calculator
Plan a home loan with payments, interest, and term.
FinanceLast updated August 2026
Monthly payment$2,022.62
Total interest$408,142.36
Total paid$728,142.36
PrincipalInterest
Remaining balance over time
How to use it
- 1Enter the home price, your down payment, and currency.
- 2Enter the interest rate and loan term, and optionally an extra monthly payment.
- 3Read the calculated loan amount, monthly payment, total interest, and the remaining-balance chart over time.
Example
A $400,000 home with a $80,000 (20%) down payment leaves a $320,000 loan. At 6.5% over 30 years, that's about $2,022/month.
How it works
Your down payment is subtracted from the home price to get the actual loan (principal) amount, which is then run through the same fixed-rate amortization formula as a standard loan — the remaining-balance chart shows how that principal shrinks over the life of the loan. This estimate doesn't include property tax, homeowners insurance, or PMI, which most real mortgage payments also include. Add an optional extra monthly payment to see how much sooner you'd own the home outright and how much interest it would save.
Frequently asked questions
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