Home Loan Payment Calculator with Amortization

Home Loan Payment Calculator

Calculate your monthly mortgage payments

$250,000
$10,000 $1,000,000
4.5%
0.1% 15%
30 years
5 years 40 years
$50,000
$0 $500,000

Payment Summary

Monthly Payment

$1,266.71

Principal & Interest

$1,013.37

Loan Amount

$200,000

Total Interest

$164,813

Total Payment

$364,813

This is an estimate. Actual payment may vary.

How to Use This Home Loan Payment Calculator

  • Adjust the Loan Amount: Use the first slider to set the total amount you're borrowing. This is the full value of your mortgage before subtracting any down payment.
  • Set the Interest Rate: Move the second slider to match your expected annual interest rate. This impacts how much you’ll pay in interest over the life of the loan.
  • Choose the Loan Term: Select how many years you’ll take to repay the loan. Common terms include 15, 20, or 30 years.
  • Enter Your Down Payment: Use the final slider to set how much you’re putting down upfront. This will reduce your total financed loan amount.
  • Click "Calculate Payment": Once your values are set, hit the button to instantly see your monthly payment and full loan breakdown.
  • View the Amortization Schedule: Click the “Amortization Schedule” tab to see how each monthly payment is split between principal and interest over time.
  • Use the Year Filter: You can filter the amortization schedule by year to review how your loan progresses annually.

This calculator provides estimates for informational purposes only. Actual mortgage terms may vary.