Mortgage Calculator

Estimate monthly mortgage payments from loan amount, rate, and term. To see how closing fees change true borrowing cost, try the APR calculator.

Result
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How this calculation works

What each input means

Loan amount — Principal P.
Interest % — Annual nominal rate → monthly r = (annual ÷ 100) ÷ 12.
Years — Term; number of monthly payments n = years × 12.

Formula used

M = P × r / (1 − (1 + r)⁻ⁿ)

Simplified fixed-rate payment. Excludes escrow, PMI, fees, and lender rounding.

How this result is estimated

This mortgage payment calculator applies the formulas described on this page to the values you enter. Outputs are not financial, tax, legal, or medical advice.

Inputs are user-provided and may include rounding.
Where accuracy, eligibility, or obligations matter, rely on official disclosures and licensed professionals.

Last reviewed: 2026-04-17

Frequently asked questions

Is this calculator result exact?

It is an estimate based on your inputs and may differ from official or provider-specific calculations.

Does this site provide financial, tax, or legal advice?

No. Each tool applies explicit formulas to values you supply. Financial, tax, and legal conclusions belong with licensed professionals and official documents.

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