Mortgage Calculator

Estimate your monthly house payment, total interest and loan amount.

Tip: a bigger down payment lowers both your payment and total interest.

How the Mortgage works

A mortgage uses the standard amortization formula, so every monthly payment is the same amount while the split between interest and principal shifts over time. Interest is highest at the start of the loan.

M = P × r ÷ (1 − (1 + r)⁻ⁿ)

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