Mortgage & Home Loan Payment Calculator
Estimate your monthly mortgage payment, total interest and total cost for home loans in USD, GBP or CAD. Great for planning houses in the US, UK, Canada and more.
Enter your mortgage details
Fixed annual percentage rate (APR) from your bank or lender.
Common terms: 15, 20, 25 or 30 years.
Extra amount you plan to pay every month towards principal.
Rough monthly cost for property tax, insurance or HOA.
Disclaimer: This is a simplified fixed-rate mortgage calculator. Real offers may include fees, changing rates and different schedules. Always confirm with your lender or advisor before making decisions.
💡 Quick Guide
Enter loan details
Add your mortgage amount, interest rate and loan term in years.
Add extras
Optionally enter planned extra payments and rough monthly taxes or insurance.
See payment & interest
Instantly see your payment, total interest and how long it may take to pay off.
❓ Frequently Asked Questions
The calculator uses the standard mortgage formula for fixed-rate loans: a combination of principal and interest based on your loan amount, annual rate and term in years. Extra monthly payments reduce the principal faster and can shorten the payoff time.
Principal is the amount you borrow to buy the property. Interest is the cost of borrowing that money from the bank or lender. Over a long mortgage, total interest can be very large compared to the original principal.
This tool assumes a fixed interest rate across the full loan term. For variable or adjustable-rate mortgages, you can still use it for rough planning by entering your current rate, but real costs may change if the rate moves up or down.
Yes. Enter different loan amounts and see how the total monthly housing cost compares to your income. Many lenders prefer housing costs to stay under a certain percentage of your monthly take home pay.