A quick calculator for just your monthly principal and interest payment, without taxes or insurance.
Enter Your Details
Your Monthly Payment
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Total Paid Over Loan Term—
Total Interest—
Formula
Payment = Loan × r(1+r)^n / ((1+r)^n - 1), where r is the monthly rate and n is the number of months.
Example
A $320,000 loan at 6.5% for 30 years has a monthly principal and interest payment of about $2,023, and total interest of roughly $408,000 over the full term.
Not tax or financial advice. This calculator provides general estimates based on published 2026 figures. Always confirm important figures with the IRS, SSA, your state tax agency, a licensed lender, or a qualified professional.
Frequently Asked Questions
Does this include taxes and insurance?
No, this shows principal and interest only. Use the full Mortgage Calculator to add property tax, insurance, and PMI.
How does the loan term affect my payment?
A shorter term raises the monthly payment but sharply cuts total interest, since less time is available for interest to accrue.