Property and Real Estate - United States

    Mortgage Calculator

    Estimate monthly principal and interest payment with amortized fixed-rate mortgage math.

    Last updated: May 23, 2026Amortization formulaPrincipal + interest onlyMonthly and lifetime interest view
    Inputs

    Configure your scenario

    Enter home price, down payment, rate, and term for a monthly payment estimate.

    Loan amount

    $360,000

    Monthly P+I

    $2,335

    Total interest

    $480,583

    Breakdown

    Detailed estimate

    Loan amount
    $360,000
    Monthly principal + interest
    $2,335
    Total interest
    $480,583
    Total paid over term
    $840,583
    FAQ

    Mortgage - quick answers

    Does this include taxes and insurance?+

    No, this page is principal + interest only. Use the mortgage + property tax page for fuller monthly payment.

    Is APR divided by 12 here?+

    Yes. Monthly payment is derived using the standard fixed-rate amortization formula with monthly rate.

    Sources & Act Reference

    Mortgage formula references

    Amortization payment formula

    Monthly fixed-rate payment uses principal, monthly rate, and total month count.

    Loan amount definition

    Loan amount equals home price minus down payment.

    Rule Trace

    Applied rule and official references

    Applied rule: M = P * r * (1+r)^n / ((1+r)^n - 1)

    Compliance checklist

    Confirm your lender APR, exact term, PMI, escrow, and fees before final decision.

    Smart Insight

    Estimated principal + interest monthly payment is $2,335.