Mortgage Payment/Interest Rate Calculator

In order to find out what your monthly payment would be, please enter the dollar amount of the mortgage, the interest rate (6.0 is for 6%), and the number of years that the mortgage will be for (ex: 30 years, or 15 years). The calculator will then figure out what your monthly Principal and Interest payment will be.
NOTE: This calculation includes Taxes and Insurance, which are frequently added to the payment by the Lender. You can calculate just the Principal and Interest by putting a zero there.

Please note that you should check with your financial institution for exact calculation of your monthly payments.

The figures from this mortgage calculator are estimates for planning purposes only.