Mortgage Calculator
Estimate your monthly home loan payment, total cost and total interest.
Result
Loan amount
200,000.00
Monthly payment
1,169.18
Total paid
350,754.02
Total interest
150,754.02
How it works
The loan amount is the home price minus your down payment. The tool spreads it into fixed monthly payments over the term, showing how much goes to interest overall.
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Frequently asked questions
How much mortgage can I afford?
A common guideline is to keep your monthly housing payment below about 28–35% of your gross monthly income, but it also depends on your other debts and expenses.
What does the monthly mortgage payment include?
This calculator shows principal and interest. Your real payment may also include property tax, home insurance and, in some cases, mortgage insurance.
Should I choose a shorter or a longer term?
A shorter term means higher monthly payments but far less total interest; a longer term lowers the monthly payment but costs more overall.