Mortgage Calculator

Estimate monthly mortgage payments, total interest and amortization.

  • Instant
  • 100% free
  • Mobile ready
  • No signup

Monthly payment

$2,022.62

Total interest

$408,142

Total paid

$728,142

How it works

Formula
M = P × r(1+r)ⁿ ÷ ((1+r)ⁿ − 1)

Frequently asked

Does this include taxes & insurance?

No — this is principal + interest only.

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Accuracy & sources

How this tool is built and verified.

Source
Published formula
Last reviewed
Q2 2026
Status
Verified
Governing standards
  • International System of Units (SI)
    BIPM — Bureau International des Poids et Mesures · The International System of Units (SI Brochure), 9th edition
  • Standards aligned
  • Formula verified
  • Editor reviewed
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