Mortgage Calculator

Calculate your monthly payment of principal and interest by entering the number of payments, interest rate, and principal loan amount. (You'll need a JavaScript enabled browser.)

Simple Loan Payment Calculator This calculates a payment for a loan amount that is fixed over a period of time. The loan can be a mortgage, car loan, or any fixed interest loan. What is your Loan Principal? What is the Interest Rate? Number of Payments (12 payments per year) Your Results Your Monthly Payment is Total Number of Payments Explanation Your loan principal is the amount of the actual loan less any down payments. The calculator accounts for the time value of money in determining the payment amount. This payment does not include any respective taxes or insurance. The accuracy and use of this calculator is not guaranteed.