Estimate your monthly mortgage payment
Pre-filled with the national median home price and Freddie Mac's current 30-year average. Adjust the numbers to match your plans.
Your payment estimate
Pre-filled with today's national median home price and the current Freddie Mac 30-year average. Adjust to match your plans.
How this calculator works
It uses the standard fixed-rate mortgage formula to work out monthly principal and interest from the home price, down payment, interest rate and loan term. It also shows the total interest you would pay over the full term if you never refinance or prepay.
What is not included
- Property taxes and homeowners insurance
- HOA fees for condos and some communities
- Private mortgage insurance (PMI) when you put down less than 20%
Add these to get your full monthly housing cost. To compare loan terms in detail, read 15-year vs 30-year mortgage.
Related guides
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Read article →InvestingInvesting in Rental Property: 5 Numbers to Check Before You Buy
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Read article →Know your budget?
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