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Loan Amount, Interest Rate, Loan Term

Try this simple mortgage calculator to see how your loan amount, interest rate, and loan term determine the payoff of your loan principal over time.

For simplicity, this mortgage calculator includes the financed loan amount only, without these fees that may or may not apply to your loan:

  • Private mortgage insurance (PMI)
  • Property taxes
  • Home insurance
  • Homeowners association (HOA) fees

For information about these types of fees and how they are paid, see our post What Are Closing Costs?

It’s our job to get you the terms that will work for your buying situation to save you money! If you experiment with this mortgage calculator, you’ll see how a longer loan term might lower your monthly payment, but changes the total interest you’re paying over the life of the loan.