Mortgage Calculator
Estimate a fixed monthly mortgage payment and see how interest vs principal change over the loan term.
Mortgage details
$
%
Monthly payment
$1,798.65/mo
$347,515 total interest over 30 years
Total paid
$647,515
Loan amount
$300,000
Monthly payment
$1,798.65/mo
Principal vs interest (yearly)
| Month | Payment | Principal | Interest | Balance |
|---|---|---|---|---|
| 1 | $1,798.65 | $298.65 | $1,500.00 | $299,701 |
| 2 | $1,798.65 | $300.14 | $1,498.51 | $299,401 |
| 3 | $1,798.65 | $301.65 | $1,497.01 | $299,100 |
| 4 | $1,798.65 | $303.15 | $1,495.50 | $298,796 |
| 5 | $1,798.65 | $304.67 | $1,493.98 | $298,492 |
| 6 | $1,798.65 | $306.19 | $1,492.46 | $298,186 |
Showing first 6 months. Later payments shift toward principal.
Monthly payment
$1,798.65
$347,515 interest
How it works
Enter loan amount, annual rate, and term to estimate a fixed monthly principal-and-interest payment.
Amortization breaks each payment into interest and principal so you can see how the balance declines over time.
Frequently asked questions
- Does this include taxes and insurance?
- The core payment estimate is principal and interest. Escrow items like property tax and homeowners insurance are separate unless your loan quote bundles them as PITI.
- How is the monthly payment calculated?
- It uses the standard fixed-rate amortization formula based on principal, periodic interest rate, and number of months.
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