Payment Calculator

Estimate your monthly mortgage payment, total interest, and the shape of your amortization.

Your monthly payment is the foundation of every mortgage decision. Adjust the amount, rate, and amortization to see how each one moves your payment — and how much interest you pay over the life of the loan.

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Mortgage amountInterest rateAmortization

$2,908.02

Monthly payment

Mortgage amount: $500,000
Total interest paid: $372,406
Total cost of mortgage: $872,406

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Terms, in plain language

Amortization: The total number of years it takes to pay off your mortgage in full. A longer amortization lowers each payment but means you pay more interest over time.
Principal: The amount you actually borrow, before interest. Each payment chips away at this.
Total interest: The full cost of borrowing over the life of the mortgage — every dollar paid on top of the principal.