How much will my fixed rate mortgage payment be?

This calculator computes the payments (principal and interest) for a fixed rate loan, using monthly interest compounding and monthly payments.


%$

MonthsYears


Your payment will be $1,625.12.

Financial Details

Home price

$350,000.00

Down payment

20.000 %

Total amount financed

$280,000.00

Payment amount

$1,625.12

Total payments

$585,044.48

Interest rate

5.700 %

Interest compounding

Monthly

Total finance charge

$305,044.48

Calculator tips

Your payment amount includes principal and interest. It does not include property tax, association dues, private mortgage insurance, and other insurance or costs.

Calculator disclaimer

The information provided by these calculators is intended for illustrative purposes only and is not intended to purport actual user-defined parameters. The default figures shown are hypothetical and may not be applicable to your individual situation. Be sure to consult a financial professional prior to relying on the results.

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