Mortgage Amortization Calculator
Calculate mortgage payment, total interest, and first-month principal from loan amount, rate, and term.
Monthly Payment
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Total Interest
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Total Paid
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First Month Principal
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Guide
How it works
Use this calculator to estimate mortgage payment and amortization basics.
What this calculator does
The mortgage amortization calculator estimates monthly payment, total interest, total paid, and first-month principal.
Mortgage Amortization Formula
Payment = P x r x (1 + r)^n / ((1 + r)^n - 1)
Where P is loan amount, r is monthly interest rate, and n is total months.
Example calculation
For a 300,000 mortgage at 6.5% for 30 years, the calculator estimates the monthly payment and total interest.
When to use this calculator
- estimating a mortgage payment
- comparing loan terms
- checking total interest
- understanding early principal payoff
FAQs
Does this include taxes and insurance?
No. It estimates principal and interest only.
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