SimpleAPR
Mortgage calculator

What will the house really cost?

Estimate your monthly payment and the total interest over the life of the loan — and see how much paying a little extra each month can save you.

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yrs
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Your estimated payment
Monthly principal & interest$0
+ taxes & insurance / month$0
Total monthly payment$0
Loan amount$0
Total interest paid$0
Total of all payments$0
Loan balance over time
How your balance falls as you pay it down
Estimate only — not a loan offer. Actual payments depend on your exact rate, loan type, PMI, HOA dues, and local taxes & insurance, which vary. Property tax and insurance shown are spread evenly per month (an escrow estimate). Confirm real numbers with a licensed lender.
FAQ

Common questions

How is my monthly mortgage payment calculated?

From the loan amount, interest rate, and term using a standard amortization formula. Early payments are mostly interest; later payments are mostly principal.

What is included in a mortgage payment?

Principal and interest, plus usually property taxes and homeowners insurance collected in escrow — together called PITI — and sometimes mortgage insurance or HOA dues.

How much can extra payments save me?

Extra money each month goes straight to principal, which can cut years off the loan and save tens of thousands in interest. Use the extra-payment field on this page to see your numbers.

What interest rate should I enter?

Use a current quote from a lender. Your actual rate depends on your credit, down payment, and loan type; the calculator uses whatever rate you type in.