Finance

Mortgage Calculator

Estimate monthly mortgage payments based on loan amount, interest rate, and term. Includes total interest paid and total cost.

Inputs

Home Price ($)

Down Payment ($)

Interest Rate (%)

Loan Term (years)

Result

Monthly payment

$2,022.62

Loan amount$320,000.00

Total interest$408,142.36

Total cost$728,142.36

M = P · r(1+r)^n / ((1+r)^n − 1)

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