Mortgage Calculator (USA)
Calculate monthly home loan payments.
Input Values
Adjust parameters below
50,0002,000,000
$
115
%
1040
Yrs
RESULT
Monthly Payment
$1,896
NUMBER
Total Repayment
$682,633Total Interest
$382,633How It Works
Guide and Formula
US Mortgage Calculation
This calculator estimates your monthly PI (Principal & Interest) payment.
Formula:
M = P \frac{r(1+r)^n}{(1+r)^n - 1}
Where:
M = Total monthly payment
P = Principal loan amount
r = Monthly interest rate
n = Number of monthly payments
?FAQs
Does this include Escrow?
No, this calculator only calculates Principal and Interest. Property taxes and insurance (Escrow) are extra.
What is a typical term?
The most common terms in the US are 15-year and 30-year fixed-rate mortgages.