Mortgage amortization calculator
How much house can I afford?
Monthly mortgage payments are based on your desired loan amount, interest rate, loan term, and other monthly fees that may apply to your home.
Our amortization calculator will show you how much you will pay in principal and interest over the life of the loan and will break down the monthly payments and balances. Reviewing estimated monthly payments is helpful for better understanding your potential purchasing power.
How to use the calculator
- Purchase Price: The amount you expect to pay for the property
- Down Payment: The amount of cash you pay upfront for your home
- Interest Rate: The percentage of interest you anticipate paying on your mortgage
- Amortization Period: The number of years required to pay off the mortgage (typically 30)