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Mortgage calculator
Monthly principal-and-interest payment on a standard fixed-rate mortgage, plus the total interest paid over the life of the loan.
Mortgage payment
Monthly principal-and-interest payment on a standard fixed-rate mortgage.
Estimated monthly payments include principal and interest only. Actual costs will include property tax, insurance, possibly PMI, and HOA fees not modeled here. Loan terms shown are estimates; consult a licensed lender for current rates and qualification.
How it works
Monthly payment uses the standard amortization formula: M = P · r(1 + r)n / ((1 + r)n − 1), where P is the loan principal, r is the monthly interest rate (annual / 12), and n is the number of monthly payments.
This figure covers principal and interest only — your real monthly housing cost adds property tax, insurance, HOA dues, and maintenance. To weigh ownership against renting in one number, try the buy-vs-rent calculator.