Mortgage
Mortgage Calculator
Estimate your monthly principal & interest, total interest paid, and total cost over the life of the loan.
Monthly mortgage payment
$2,275.44
Monthly principal & interest
- Loan amount
- $360,000.00
- Total interest
- $459,160.16
- Total paid
- $819,160.16
- Term
- 30 years
Frequently asked questions
How is the monthly mortgage payment calculated?+
Using the standard amortization formula M = P·r / (1 − (1 + r)^−n), where r is the monthly rate and n the number of months.
Does this include property tax or insurance?+
No. It shows principal and interest only — your full PITI payment will be higher.
What is a typical down payment?+
Conventional loans often require 20% to avoid PMI, but many programs allow 3–10%.