Calculators
Mortgage Calculator
Estimate a fixed-rate home loan payment and see the principal, interest and repayment schedule.
Processed locally
Fixed nominal annual rate, monthly payments. Not a lender quote or APR calculation. Enter local taxes and fees yourself.
Help and method
Mortgage Calculator: Loan amount = Home price − Down payment. r = Annual rate (%) / 1200; n = Term (months). Monthly payment = P × r / (1 − (1+r)^−n).
Mortgage payment calculation — BankrateMethods and reliabilityWorked example
An example you can try or adapt to your own values.
- Home price
- 120000
- Down payment
- 20000
- Annual rate (%)
- 0%
- Term (months)
- 100
Result
Loan amount: 100000 Monthly payment: 1000 Total interest: 0