Mortgage Payment Calculator
Calculate your monthly principal and interest payment for any loan amount, interest rate, and term. For a full housing payment that also includes taxes, insurance, PMI, and HOA, use the Mortgage Calculator.
Principal vs. Interest
Every mortgage payment is split between principal (reducing your loan balance) and interest (the cost of borrowing). Early in the loan, interest accounts for the majority of each payment. Over time, as the balance declines, the principal portion grows.
This is called amortization. View the full schedule using the Amortization Calculator, which shows the exact split for every payment.
Frequently Asked Questions
Related Calculators
Mortgage Calculator
Calculate your estimated monthly mortgage payment including principal, interest, taxes, insurance, PMI, and HOA fees.
Amortization Calculator
View a full amortization schedule showing every payment, principal, interest, and remaining balance.
Mortgage Refinance Calculator
Compare your current mortgage to a refinance option — see monthly savings, break-even point, and lifetime interest.
Estimates only. Does not include taxes, insurance, PMI, or HOA. See our financial disclaimer.