Mortgage Calculator
Estimate your monthly mortgage payment, including principal, interest, taxes, and insurance.
Estimated monthly payment
$2,481
- Principal & interest
- $2,023
- Loan principal
- $320,000
- Total interest paid
- $408,142
- Total of all payments
- $728,142
Frequently asked questions
How is a monthly mortgage payment calculated?
Monthly payment is calculated from the loan principal, the annual interest rate divided into a monthly rate, and the number of monthly payments over the loan term, using the standard amortizing-loan formula.
Does this include property tax and insurance?
Yes — you can optionally add estimated annual property tax and home insurance, and the calculator will fold a monthly share of both into your total estimated payment.