⌂PROPERTY
Mortgage Calculator
Estimate monthly mortgage payment, total interest and total repayment from home price, down payment, rate and term.
Enter your values
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Formula
The monthly payment uses a standard fixed-rate amortization formula on the amount financed after the down payment.
Loan = home price − down payment
Payment = L × r × (1+r)ⁿ ÷ ((1+r)ⁿ − 1)
Payment = L × r × (1+r)ⁿ ÷ ((1+r)ⁿ − 1)
How it works
1
Enter the home price and down payment.
2
Enter the annual interest rate and mortgage term.
3
Review estimated monthly payment, total interest and total repayment.
Important notes
This estimate excludes property taxes, insurance, maintenance, fees and other ownership costs.
Actual mortgage products may have variable rates, fees or payment schedules that differ from this model.