If you’re considering a fixed-rate mortgage, use our simple mortgage calculator to determine the total principal and interest you'll pay each month. To use our mortgage loan calculator, you’ll need to know the mortgage amount, annual interest rate, and length of your loan term. Before signing anything, be sure that you understand key mortgage terms so you can accurately calculate how much your monthly mortgage payment will be.

How to Use Our Mortgage Calculator

You want to determine your $200,000 mortgage monthly payment at 5% interest and intend on repaying it over 30 years. Enter:

  • "200,000" as the Mortgage Amount
  • "30" as the Term, and
  • "5" as the Annual Interest Rate.

Thinking about a fixed-rate mortgage? Use this calculator to see the total principal and interest you'll owe each month.