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United States Home Loan Calculator

Free United States mortgage payment calculator with country-specific defaults and clear step-by-step results.

About United States Home Loan Calculator

Estimates the monthly payment on a home loan from price, down payment, rate and term, plus the lifetime interest cost.

Formula

Formula

M = P × r / (1 − (1 + r)^−n)

Worked example

With the default values below, United States Home Loan Calculator returns Monthly Payment of $1,438.92. Change any input above and every figure here is recalculated in your browser.

Inputs used

Home Priceminimum 0 USD
300,000 USD
Down Paymentminimum 0 USD
60,000 USD
Annual Interest Rateaccepts 0–30 %
6 %
Loan Term (Years)accepts 1–50
30

Results

Monthly Payment
$1,438.92
Loan Amount
$240,000
Total Interest
$278,012

Step by step

  1. 1Values used
  2. 2Formula
  3. 3Monthly Payment= $1,438.92
  4. 4Loan Amount= $240,000
  5. 5Total Interest= $278,012

Assumptions and limits

  • The result is derived only from the 4 inputs listed above. Anything not among them is not part of the calculation.
  • In particular, this calculator does not take inflation, tax or fees or charges into account.
  • Figures are rounded for display to 2 decimal places, so totals built from several rounded parts can differ slightly from the unrounded arithmetic.
  • Excludes property tax, insurance and fees — see the property-tax calculator for those costs.

How these calculators are built and tested is described on the Methodology page. If a figure looks wrong, please report it.

Excludes property tax, insurance and fees — see the property-tax calculator for those costs.

Frequently Asked Questions

How does this calculator work?

Estimates the monthly payment on a home loan from price, down payment, rate and term, plus the lifetime interest cost.

Are the figures specific to United States?

Knowing the monthly payment and total interest before house-hunting keeps your budget realistic.

Related Calculators

United States specifics

Currency
$ USDUS Dollar
Region
North America
Country code
US
Amounts look like
$1,234,567.89
Dates look like
Mar 9, 2026
Units
imperialWeek starts Sunday

In United States, imperial units are in everyday use.

Results on this page are expressed in USD (US Dollar). Figures are estimates for general planning — confirm current rates and thresholds with the relevant United States authority before relying on them.

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United States Home Loan Calculator | Calcrivo