Mortgage Calculator
Estimate your monthly mortgage payment based on home price, down payment, term, and interest rate.
Down payment
Loan term
Estimated monthly payment
$2,023
Loan amount
$320,000
Total interest
$408,142
Down payment
20.0%
How it's calculated
Monthly principal & interest uses the standard amortization formula: M = P × [r(1+r)ⁿ] ÷ [(1+r)ⁿ − 1], where P is the loan amount, r is the monthly interest rate, and n is the number of payments.
This estimate excludes PMI, closing costs, and other fees. Actual loan terms vary by lender — use this as a starting point, not a loan offer.