Mortgage Calculator

Estimate your monthly P&I payment

Compute a standard amortizing mortgage payment from loan amount, rate, and term. Taxes and insurance (escrow) are not included.

Example mortgage amortization chart: remaining loan balance declining to zero over 30 years with cumulative interest and payments at default inputs — Example chart using this page’s default inputs. Adjust the calculator to update the live chart below.

                    Your data stays on your device. Calculations run in your browser. Use Track this goal to save progress locally — no account required.
                

Loan Amount ($)

Interest Rate (%)

Loan Term (Years)

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Loan Balance Over Time

                    Assumptions: Fixed-rate fully amortizing loan. Payment is principal and interest only — not PITI.
                    Projections are estimates only and not guaranteed returns or financial advice.
                

How This Calculator Works

The standard mortgage formula sets a fixed payment that fully pays the loan over the term. The chart shows remaining principal over time.

Example

A $350,000 loan at 6.5% for 30 years has a P&I payment of roughly $2,200/month (estimate).

FAQ

What about taxes and insurance?

Add property tax and insurance separately for a full housing budget.

15 vs 30 year?

Shorter terms cost more monthly but far less interest — compare both.