Use our home loan calculator to estimate your mortgage payment. Simply enter the price of the home, your down payment, and details about the home loan, such as your projected interest rate and amortization period to calculate your mortgage payment breakdown, schedule, and more.
Your monthly mortgage payment is made up of principal and interest, and that’s what our calculator shows. The principal portion goes toward paying off the total amount you’ve borrowed. The interest is a percentage of the amount borrowed that you pay to your lender.
For many homeowners, the monthly mortgage payment may also include more than just principal and interest. It can also include property taxes and homeowners insurance premiums.