Use this mortgage calculator to generate an estimated monthly payment for principal and interest.

The estimated monthly payment includes principal and interest only, and does not include other expenses such as property taxes and home owner’s insurance. Your actual rate, payment, and costs will vary. Contact us for an official Loan Estimate.

Definitions

Mortgage amount
Original or expected balance for your mortgage.

Term in years
The number of years over which you will repay this loan. The most common mortgage terms are 15 years and 30 years.

Interest rate
Annual fixed interest rate for this mortgage.

Monthly payment
Monthly principal and interest payment (PI).

Information and interactive calculators are made available to you as self-help tools for your independent use and are not intended to provide investment advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to contact us for personalized advice from qualified professionals regarding all personal finance issues.