Estimate monthly mortgage payments from home price, down payment, interest rate, and loan term. Pick any currency for clearer local framing of the numbers.
Mortgage Calculator
Results use the currency you select (display only — amounts are not converted).
Estimates only. Taxes, insurance, PMI and HOA vary by location and lender. Not a loan offer.
How to Use
- Select currency.
- Enter home price and down payment.
- Enter annual interest rate and term in years.
- Calculate to see loan amount, monthly payment, total interest, and total paid.
Formula
Same amortizing formula as EMI on the loan amount (price − down payment).
Worked Example
Example: $350,000 home, $70,000 down, 6.5% for 30 years → loan $280,000 with monthly payment from the standard formula.
What the Result Means
Monthly Payment is principal and interest only (not taxes or insurance). Total Interest is the lifetime cost of the loan at the assumed fixed rate.
Important Notes & Limitations
- Does not include property tax, insurance, HOA, or PMI.
- Actual offers depend on credit, lender fees, and market rates.
Frequently Asked Questions
Is PITI included?
No—this calculator shows principal and interest only.
What down payment should I use?
Many buyers use 5–20%; your lender will set minimums.
15-year vs 30-year?
Shorter terms mean higher monthly payments but less total interest.
Can I change currency?
Yes—use the currency selector above the inputs.
Related Calculators
See also: Loan EMI, Mortgage, Compound Interest, Percentage.
Disclaimer: Results are approximate and for educational and informational purposes only. They are not financial, tax, medical, or legal advice. Verify important decisions with a qualified professional.