Mortgage Calculator

Calculate monthly mortgage payments

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Loan Amount ($)

Interest Rate (%)

Term (Years)

Monthly Payment

$1896.20

Principal

$300,000

Total Interest

$382,633

Total Cost

$682,633

Principal (44%)Interest (56%)

Amortization Schedule

YearPrincipalInterestBalance

1$3,353$19,401$296,647

2$3,578$19,177$293,069

3$3,817$18,937$289,252

4$4,073$18,681$285,179

5$4,346$18,409$280,833

6$4,637$18,118$276,196

7$4,947$17,807$271,249

8$5,279$17,476$265,970

9$5,632$17,122$260,338

10$6,009$16,745$254,328

11$6,412$16,343$247,916

12$6,841$15,913$241,075

13$7,299$15,455$233,776

14$7,788$14,966$225,987

15$8,310$14,445$217,677

16$8,866$13,888$208,811

17$9,460$13,294$199,351

18$10,094$12,661$189,257

19$10,770$11,985$178,487

20$11,491$11,263$166,996

21$12,261$10,494$154,735

22$13,082$9,673$141,653

23$13,958$8,797$127,695

24$14,893$7,862$112,803

25$15,890$6,864$96,912

26$16,954$5,800$79,958

27$18,090$4,665$61,868

28$19,301$3,453$42,567

29$20,594$2,161$21,973

30$21,973$781$0

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Full guide

How to Calculate Your Monthly Mortgage Payment

Learn the mortgage amortization formula, principal vs interest, how term length changes total cost, and how to run the numbers with a free online calculator.

Read the guide

About Mortgage Calculator

A mortgage calculator that computes monthly payments using the standard amortization formula. Enter loan amount, interest rate, and term to see monthly payment, total interest paid, total cost, and a full amortization schedule. Includes an interactive breakdown showing how much of each payment goes to principal vs. interest over time. Essential for homebuyers, refinancers, and financial planning.

Mortgage Calculator Features

Monthly payment
Amortization schedule
Interest breakdown
Total cost
Payment chart

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