Monthly Payment
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Total Payment
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Total Interest
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Estimate your monthly mortgage payment
Enter your loan amount, interest rate, and term in months to estimate principal-and-interest payments. For a 30-year loan, use 360 months. Visit the LoanWise home page for our general calculator, or explore our car loan calculator and personal loan calculator.
Monthly Payment
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Total Payment
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Total Interest
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This calculator provides an estimate for informational purposes only. It does not include property taxes, insurance, or PMI. Return to the LoanWise home page.
Most mortgages are repaid with fixed monthly payments that cover principal and interest. Early in the loan, a larger share of each payment goes toward interest; over time, more goes toward reducing the balance. The payment amount depends on how much you borrow, the annual interest rate, and the length of the loan in months. LoanWise uses the same amortization math as our main loan calculator so you can compare scenarios with the personal loan calculator or car loan calculator.
Besides the loan amount and rate, your total housing cost often includes property taxes, homeowners insurance, and sometimes private mortgage insurance (PMI) or association fees. Closing costs and points can also affect how much you pay upfront. This page estimates principal and interest only—add those other costs mentally or include them in the amount you enter if your lender rolls them into the loan.