Loan Payment Calculator

Calculate monthly payments, total interest, and amortization schedules for any loan.

Loan Details

$

Total amount you're borrowing

%

Annual percentage rate

years

How long you'll take to repay

Additional Housing Costs (Optional)

💡 Most mortgage payments include property tax and insurance (PITI). Add these for a complete monthly payment estimate.

$

Typical: 1-2% of home value/year (leave 0 to exclude)

$

Typical: $1,500-$2,000/year (leave 0 to exclude)

$

Homeowners Association: Monthly fees for community amenities and maintenance

$

Private Mortgage Insurance: Required if down payment is less than 20%. Typical: 0.5-1% of loan/year

🏠 Understanding Mortgage Loans

Mortgages are long-term loans used to purchase homes. Your monthly payment typically includes Principal, Interest, Taxes, and Insurance (PITI).

💡 Key Information

  • Most mortgages are 15-30 years with 3-7% interest rates
  • Include property tax and insurance for accurate monthly cost
  • PMI is required if down payment is less than 20%
  • Making extra payments can save thousands in interest

📊 What You'll See

  • Monthly payment amount
  • Total interest paid over loan term
  • Complete amortization schedule
  • Interactive charts showing payment breakdown

🎯 Get Started

Enter your loan details on the left and click "Calculate Payment" to see your personalized results with detailed breakdown and amortization schedule.