Mortgage Calculator

Calculate mortgage payments and amortization schedules

Home Details

Home Price: $300,000

Down Payment: $60,000 (20.0%)

Interest Rate: 6.50%

Loan Term: 30 years

Monthly Payment

$1516.96

Loan Amount

$240,000

Total Interest

$306106.77

Total Payment

$546106.77

A down payment is the initial amount you pay upfront when purchasing a home. Larger down payments reduce your loan amount.