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United States Mortgage

Calculate the monthly payment, total interest and payoff for a mortgage in the United States.

About United States Mortgage

Mortgage payment estimate for a United States purchase: principal and interest on the financed amount over the chosen term, ignoring property tax and insurance. Rates in the United States vary by lender and credit.

Formula

Payment

M = P × r(1+r)^n / ((1+r)^n − 1)

Worked example

With the default values below, United States Mortgage returns Monthly Payment (P+I) of $2,022.62. Change any input above and every figure here is recalculated in your browser.

Inputs used

Home priceminimum 0
400,000
Down paymentaccepts 0–100
20
Annual interest rateaccepts 0–30
6.5
Loan termone of 15 years (180 mo), 30 years (360 mo)
30 years (360 mo)

Results

Monthly Payment (P+I)
$2,022.62
Down Payment
$80,000.00
Total Interest
$408,142.36
Total to Close
$808,142.36
Loan-to-Value
80.0%

Step by step

  1. 1Values used
  2. 2Payment
  3. 3Monthly Payment (P+I)= 2,022.62
  4. 4Down Payment= 80,000.00
  5. 5Total Interest= 408,142.36
  6. 6Total to Close= 808,142.36
  7. 7Loan-to-Value= 80.0

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.
  • Estimate only — confirm rates and terms with your lender.

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

Estimate only — confirm rates and terms with your lender.

Frequently Asked Questions

Does this match real in the United States rates?

No — it is an estimate. Your actual rate depends on the lender, your credit and the current market.

How accurate is this estimate?

Rates are approximate reference values. Local rates, exemptions and rules can differ, so treat the output as a planning figure only.

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 Mortgage – Calculate Monthly Payment (P+I)