Monthly Payment
—
Total Payment
—
Total Interest
—
360 months = 30 years · taxes/insurance not included—P&I only
Monthly Payment
—
Total Payment
—
Total Interest
—
30-year shortcut: dedicated 30-year calculator. More: home, car, personal, interest.
P&I only—no taxes, insurance, or PMI. Home · Car
A standard fixed-rate mortgage pays down the loan in equal monthly installments. Each payment is split between interest on the remaining balance and principal. At the start, interest takes a larger share; near the end, almost everything goes to principal.
The core drivers are loan amount, annual interest rate, and term in months. For example, 360 months is a 30-year loan and 180 months is 15 years. LoanWise uses the same amortization approach as our main loan calculator, so you can line this up beside a personal loan calculator or car loan calculator scenario.
Many homeowners pay property tax, homeowners insurance, and sometimes mortgage insurance or HOA fees every month through escrow. Those are not included here. Closing costs, points, and lender credits also sit outside this simple payment model.
If your loan wraps certain fees into the balance, you can add them to the amount field for a closer match. Otherwise treat the output as principal-and-interest only and budget the rest separately.
Try a few rate and term combinations to see how sensitive your payment is to small changes. Even a quarter-point on a large balance can matter over decades. Compare the lender’s quoted rate to what you enter here to sanity-check paperwork.
Small-business borrowers can model term debt with our business loan calculator. If you want simple-interest examples alongside amortization, open the simple interest calculator.