Mortgage Loan Calculator
Use this calculator to generate an estimated monthly mortgage payment. Quickly see how much interest you would pay and your estimated principal balances. You can even determine the impact of any principal prepayments!
Calculate Your Monthly Payments
Mortgage Calculator Term Definitions
Mortgage amount - Original or expected balance for your mortgage.
Term in years - The number of years over which you will repay this loan. The most common mortgage terms are 15 years and 30 years.
Interest rate - Annual fixed interest rate for this mortgage.
Monthly payment - Monthly principal and interest payment (PI).
Total payments - Total of all monthly payments over the full term of the mortgage. This total payment amount assumes that there are no prepayments of principal.
Total interest - Total of all interest paid over the full term of the mortgage. This total interest amount assumes that there are no prepayments of principal.
Information from these calculators is not intended to provide investment advice. We cannot and do not guarantee accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.