Mortgage Payment Calculator

Calculate what your monthly payment might look like.

How To Calculate Your Monthly Payment

This tool calculates your monthly mortgage payment for a given purchase price, down payment, interest rate, and loan term.

If the loan amount is more than 80% of the home's purchase price, the calculator estimates a monthly amount for private mortgage insurance (PMI). Mortgage lenders generally require that you obtain mortgage insurance if your down payment is less than 20% of the home purchase price.