Your results
Estimated monthly payment
$—
Total repayment
$—
Total interest
$—
Interest share
—
Principal
Interest
How the payment is calculated
This calculator uses the standard equal-payment (amortized) formula:
M = P·r·(1+r)n / ((1+r)n − 1)
where P is the loan amount, r is the monthly interest rate (annual rate ÷ 12), and n is the number of monthly payments. Your monthly payment stays the same for the life of the loan; each payment first covers interest, then reduces the principal.
Explore more tools
- Early payoff calculator — see how much extra payments save.
- Affordability calculator — how much home you can afford.
- Amortization schedule — a full period-by-period breakdown.