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Mortgage Payment Calculator

Calculate monthly mortgage payments for home loans with various amounts, rates, and terms.

Popular Mortgage Scenarios

3% interest • 10 years

3% interest • 15 years

3% interest • 20 years

3% interest • 25 years

3% interest • 30 years

3% interest • 40 years

3.5% interest • 10 years

3.5% interest • 15 years

3.5% interest • 20 years

3.5% interest • 25 years

3.5% interest • 30 years

3.5% interest • 40 years

4% interest • 10 years

4% interest • 15 years

4% interest • 20 years

4% interest • 25 years

4% interest • 30 years

4% interest • 40 years

4.5% interest • 10 years

4.5% interest • 15 years

4.5% interest • 20 years

4.5% interest • 25 years

4.5% interest • 30 years

4.5% interest • 40 years

5% interest • 10 years

5% interest • 15 years

5% interest • 20 years

5% interest • 25 years

5% interest • 30 years

5% interest • 40 years

About Mortgage Payments

Your monthly mortgage payment depends on three key factors: the loan amount, interest rate, and loan term. Most mortgages use a fixed-rate amortization schedule where you pay the same amount each month.

Each payment is split between principal (reducing your loan balance) and interest (the cost of borrowing). Early in the loan, most of your payment goes to interest. Over time, more goes toward principal.

Common mortgage terms are 15 and 30 years. Shorter terms mean higher monthly payments but less total interest paid. Longer terms offer lower monthly payments but cost more in interest over time.