Monthly Mortgage Payment

Calculate your monthly principal & interest payment for any mortgage.

Home Price ($)

Down Payment ($)

Interest Rate (%)

Loan Term

Monthly P&I

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Loan Amount

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Total Paid

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Total Interest

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Down Payment %

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How it works

Formula: M = P · [r(1+r)ⁿ] / [(1+r)ⁿ − 1]

P = loan principal, r = monthly rate (annual÷12÷100), n = number of monthly payments. P&I covers principal and interest only — taxes, insurance, PMI, and HOA are not included.

For informational purposes only. Not financial advice.