Mortgage calculator
A mortgage's monthly payment, its interest over 30 years or any term, and when more goes to the loan than to interest. Free, with no account or uploads.
Your mortgage payment
Type the amount borrowed, the rate and the years; taxes and insurance are not included.
An example to start from; type your own.
With these numbers
$1,896.20 a month for 30 years
Interest adds $382,637, about the same as 202 of the payments. From month 233, more of each payment goes to the loan than to interest.
The dashed line is month 233, where more goes to the loan than to interest.
Show the numbers as a table
| Year | To the loan | Interest |
|---|---|---|
| Year 1 | $3,353 | $19,401 |
| Year 2 | $3,578 | $19,177 |
| Year 3 | $3,817 | $18,937 |
| Year 4 | $4,073 | $18,681 |
| Year 5 | $4,346 | $18,409 |
| Year 6 | $4,637 | $18,118 |
| Year 7 | $4,947 | $17,807 |
| Year 8 | $5,279 | $17,476 |
| Year 9 | $5,632 | $17,122 |
| Year 10 | $6,009 | $16,745 |
| Year 11 | $6,412 | $16,343 |
| Year 12 | $6,841 | $15,913 |
| Year 13 | $7,299 | $15,455 |
| Year 14 | $7,788 | $14,966 |
| Year 15 | $8,310 | $14,445 |
| Year 16 | $8,866 | $13,888 |
| Year 17 | $9,460 | $13,294 |
| Year 18 | $10,094 | $12,661 |
| Year 19 | $10,770 | $11,985 |
| Year 20 | $11,491 | $11,263 |
| Year 21 | $12,261 | $10,494 |
| Year 22 | $13,082 | $9,673 |
| Year 23 | $13,958 | $8,797 |
| Year 24 | $14,893 | $7,862 |
| Year 25 | $15,890 | $6,865 |
| Year 26 | $16,954 | $5,800 |
| Year 27 | $18,089 | $4,665 |
| Year 28 | $19,301 | $3,453 |
| Year 29 | $20,594 | $2,161 |
| Year 30 | $21,978 | $782 |
Each month's interest is rounded to the cent, half up, and the last payment pays what is left, so your lender's schedule may differ by a few cents.
Paid on top of every payment, straight off the loan.
For the APR: the yearly rate with the fees counted, as US Regulation Z and India's Key Facts Statement work it out.
A little help along the way
Follow these steps. Every option is explained underneath. Everything runs in your browser; nothing is sent anywhere.
- Say what you are working outA home, car or personal loan, paying off a card, or checking an offer.
- Type the amount, the rate and the termThe page starts with an example; type your own.
- Read the answerThe payment and the interest in words first, then the chart and the schedule.
- Download the scheduleAs CSV, a spreadsheet or a PDF.
Questions people ask
- Does it include taxes and insurance?
- No. Property tax, insurance and PMI depend on where you live and your lender, so only the loan's own payment is worked out.
- What is the crossover month?
- The first month more of the payment goes to the loan than to interest; the chart marks it with a dashed line.
- Are my numbers sent anywhere?
- No. Everything is worked out in your browser and nothing you type is sent anywhere.
This page is the Loan calculator, opened for this one job; every other tool it has is one press away. Each of its settings is explained on the Loan calculator's own page.
Read the step-by-step guideKeep going
Guides
- How is a mortgage payment calculated?
- How much does a loan really cost?
- How is EMI calculated? The formula with an example
- Home loan EMI: how much interest will I pay?
- How much will a car loan cost me each month?
- Personal loan EMI and interest: how much will I pay?
- How much sooner will extra payments pay off my mortgage?
- What is an amortization schedule and how do I read it?