Mortgage Calculator
This mortgage calculator computes a fixed-rate principal-and-interest payment. Property tax, insurance, and HOA fees are extra. A larger down payment lowers the loan amount and usually the payment.
Loan amount280,000.00
Monthly P&I1,769.79
Total P&I637,124.57
Estimate only. Not a credit offer.
Formula
Same EMI formula on (price − down payment) over years × 12 months.
How to use this calculator
- Enter price and down payment.
- Enter annual rate and term in years.
- Read principal and interest only.
Examples
$350k home, $70k down, 6.5% 30-year
Loan $280k. Monthly P&I is about $1,770.
FAQ
Why is my lender quote higher?+
Quotes often include escrow for tax and insurance.
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