What does a mortgage payment include?

A standard mortgage payment covers principal (the loan balance you're paying down) and interest. Escrow for property taxes and insurance is often added on top.

Mortgage Calculator

Estimate monthly mortgage payment, interest, and financing cost.

This tool runs in your browser. None of your data is saved or sold.

Mortgage principal ($)

Annual rate (%)

Years (years)

Payments per year (years)

About This Calculator

This calculator breaks down your monthly principal and interest payment based on the loan amount, rate, and term. It doesn't include taxes, insurance, or HOA fees — but the P&I figure is the foundation of every mortgage comparison and affordability analysis.

Estimates only — not financial, tax, legal, or investment advice. Verify important results with a qualified professional before making decisions.

PMT = P × r / (1 − (1+r)^−N); total paid = PMT × N; total interest = total paid − P — where r = annual rate ÷ payments/year, N = years × payments/year