MyCalculatorHow it works
Loan amount is Home price − Down payment. Monthly payment uses the same amortizing formula as any fixed-rate loan: Payment = P × r × (1+r)^n ÷ ((1+r)^n − 1).
Example
A 350,000 home with a 70,000 down payment leaves a loan of 280,000. At 6.5% over 30 years, the estimated payment is about 1,770 per month.
Assumptions & limitations
This estimate covers principal and interest only. Property taxes, homeowners insurance, mortgage insurance (PMI/LMI), and HOA fees vary by location and lender and are not included — actual monthly costs will typically be higher.
Frequently asked questions
Does this include property tax and insurance?
No. Those vary significantly by country, region and property, so they aren't included. Add them separately for a full monthly cost picture.
What's a typical down payment?
This varies widely by country and loan type — enter whatever down payment applies to your situation.