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Principal Price
Down Payment
Total Interest
Property Amount :
Total Interest :
Total Payment :
How to use our calculator :
- Enter your home price. In the Home price field, input the price of the home you're buying
- Enter your down payment. In the Down payment field, input the amount of your down payment. You can input either an exact amount or percentage.
- Enter your loan term. In the Loan term field, enter the length of your loan — usually 25 years, but could be 20, 15 or 10.
- Enter your interest rate. In the Interest rate field, input the rate you expect to pay or are currently paying.
- Click on the Calculate button
Terms explained :
An online mortgage calculator can help you quickly and accurately predict your monthly mortgage payment with just a few pieces of information. It can also show you the total amount of interest you'll pay over the life of your mortgage.
Here are some useful terms to understand when evaluating your mortgage:
- Home price: This is the amount you 're expected to pay for a home.
- Down payment: This is the portion of the home price you're not financing with a mortgage. For many borrowers, this is as little as 3 percent.
- Interest: This is what the lender charges you to lend you the money. Interest rates are expressed as an annual percentage.
- Loan term: This is the length of the mortgage repayment term, such as 30 years or 15 years.
