Determine Your Monthly Mortgage Payment
Mortgage Calculator

The information contained on this page could easily help you save thousands of dollars while you are evaluating the various possibilities of a mortgage loan. Today, the majority of individuals finance a new home with a 30 year loan. If you will simply reduce the number of years, you can substantially reduce the total amount of interest that you will pay during the entire loan period (see the following example).

$100,000 Mortgage Loan @ 4.0% Interest

Years
 
Monthly
Payment
Percent
of Int
Interest
Saved
30 $468.77 68.8%  
25 $518.28 55.5% $13,273.00
20 $595.00 42.8% $25,957.00
15 $726.29 30.7% $38,025.00
10 $994.11 19.3% $49,464.00

In the above example, you can realize a substantial savings of $53,436.00 by simply paying the loan off in 20 years instead of 30 years. It's hard to believe, that there is only a difference in the monthly payment of $110.00 ($775.30 - $665.30).

You will be able to quickly determine the monthly payments for 10, 15, 20 and 30 year mortgage loans with our mortgage calculator. Simply enter the loan amount, the interest rate and the length of the loan. You will also be able to display and print a loan amortization for each of your calculations.

Monthly Mortgage Payments At a Glance

The following chart is being provided to help you get an overall picture of what your monthly mortgage payments would be. You'll find the loan amounts listed down the left side of the chart and the interest percentages are listed across the top. There are two different payments located in each section. The amount at the top shows the monthly payment for a 30 year loan and the bottom amount shows the monthly payment for a 15 year loan. These amounts include principal and interest only.

Property taxes and home-owner's insurance premiums are usually paid annually by the lender directly from your escrow account (but are not included in this estimate). If your home is located in a flood zone, you will also be required, by federal law, that you purchase flood insurance. If your loan-to-value (LTV) is more than 80%, private mortgage insurance (PMI) "may" also be required. You will need to determine the average monthly cost for all of these items and then add that estimate to the basic principal and interest amounts that are listed below to determine your total estimated monthly mortgage payment. Below shows your monthly payment based on a 15 year (top) or 30 year (bottom) with interest rates. 

Mortgage Payment Guide

Amount 3.5% 4.0% 4.5% 5.0% 5.5% 6.0% 6.5% 7.0% 7.5% 8.0% 8.5%
$90,000 632
397
654
422
676
448
699
474
722
502
746
530
770
559
794
588
819
618
845
648
870
679
$100,000 632
871
665
899
699
927
734
956
769
985
805
1014
841
1,044
878
1,075
915
1,105
952
1,137
990
1,168
$125,000 790
1,089
832
1,124
874
1,159
917
1,195
961
1,231
1,006
1,268
1,051
1,305
1,097
1,343
1,143
1,382
1,190
1,421
1,238
1,460
$150,000 948
1,307
998
1,348
1,049
1,391
1,101
1,433
1,153
1,477
1,207
1,521
1,261
1,566
1,316
1,612
1,372
1,658
1,429
1,705
1,485
1,752
$175,000 1,106
1,524
1,164
1,573
1,224
1,622
1,284
1,672
1,346
1,723
1,408
1,775
1,472
1,827
1,536
1,881
1,601
1,934
1,667
1,989
1,733
2,044
$200,000 1,264
1,742
1,331
1,797
1,399
1,854
1,468
1,911
1,538
1,969
1,609
2,028
1,682
2,088
1,755
2,149
1,829
2,210
1,905
2,273
1,980
2,336
$225,000 1,422
1,960
1,497
2,022
1,573
2,086
1,651
2,150
1,730
2,215
1,810
2,282
1,892
2,349
1,975
2,417
2,058
2,487
2,143
2,557
2,228
2,628
$250,000 1,580
2,178
1,663
2,247
1,748
2,317
1,835
2,389
1,922
2,462
2,012
2,535
2,102
2,610
2,194
2,686
2,287
2,763
2,381
2,841
2,476
2,920