Britannica Money Mortgage Calculator

Purchase price

Enter the total purchase price of the home.

Down payment

Enter your down payment as a percentage or dollar amount.

Loan amount

Automatically calculated based on purchase price and down payment.

Loan term (years)

Enter the loan term in years (typically 15 or 30 years).

Interest rate (%)

Enter the annual interest rate for your loan.

The Britannica Money Mortgage Calculator is for educational purposes only and is not intended to provide investment, tax, or financial advice. All calculations are estimates and should not be relied upon as a substitute for professional advice tailored to your individual circumstances.

Results

Monthly payment

Here's your estimated monthly mortgage payment, along with the total you would pay over the life of the loan and the amount of interest you'd pay.

Note: This estimate includes principal and interest only. It does not account for:

Property taxes. You will need to pay these—either monthly into escrow or directly to your local tax collector.
Private mortgage insurance (PMI). This is often required if your down payment is less than 20%.
Homeowners association (HOA) fees. Common in condos and planned communities.

These extra costs can vary widely and will affect your true monthly payment. Be sure to include them when planning your budget.

Loan summary

Payment frequency: Monthly