Loan Payment Calculator

This loan payment calculator can be used to figure out monthly payments of a loan, based on the loan amount, the term of the loan desired, and the loan’s interest rate.

This tool is for estimation only and will not affect any loan application.

Purchase price
Please enter here the amount you expect to pay for a home.
$
Enter a value
Down payment
Down payment is cash that you pay upfront for your home.
$
0.0%
Enter a value
Term in years
Number of years you have to pay.
years
Enter a value
Interest rate (per year)
The percentage of interest that you will pay on your mortgage for a specific term.
%
Enter a value
Property tax
Enter your property tax here if you know it.
$
per year
Enter a value
Home insurance
Most lenders require home insurance. Enter its price here.
$
per year
Enter a value
PMI
PMI is Private Mortgage Insurance which is usually required to pay if your Down payment less than 20%.
$
per month
Enter a value

Your total monthly payment


$

Principal & Interest
$