Monthly Mortgage Payment Calculator
Estimate your monthly mortgage payment — principal and interest — plus the total interest over the life of the loan.
Annual rate (APR).
Monthly payment
$2,528.27Total interest
$510,177.95Over 360 payments
Total repaid
$910,177.95Private — runs entirely in your browser. Nothing is sent or stored.
This tool is for education and planning only. It is not financial advice. Your inputs run in your browser and are not stored by Recurrings.
Principal & interest — the core payment
Your mortgage payment is the fixed monthly amount that pays off the loan over its term. This estimates the principal-and-interest portion — the part set by the loan amount, rate, and term. Change any of the three to see how the monthly figure and the total interest move.
One thing this deliberately leaves out: taxes, insurance, HOA, and PMI. Those vary widely by location and lender, so a full housing payment is higher than the number here — but the principal-and-interest figure is the part you control by shopping the loan.
How this fits into your recurring money
A mortgage is the largest, longest recurring commitment most people ever make — and the anchor your whole budget fits around. Knowing the exact monthly figure, and the staggering total interest behind it, is the difference between affording a home and being owned by one.
Recurrings treats it like every other recurring obligation: tracked each month, in the same picture as your insurance, subscriptions, and bills, so the full weight of what repeats is never scattered across statements.
The math
payment = P · r · (1 + r)^n / ((1 + r)^n − 1)
r = annual rate ÷ 12, n = years × 12The payment is sized so all n instalments exactly clear the principal P at the monthly rate r. Early payments are mostly interest (charged on the larger balance) and tip toward principal over time — which is why total interest on a 30-year loan can rival the amount borrowed.
An estimate of principal & interest only — not a loan offer, and not financial advice.
Common questions
What's included in this estimate?
Principal and interest only — the core monthly payment. It's the same amortization math as a home loan EMI: a fixed amount that pays the loan off over the term.
What's NOT included?
Property taxes, homeowners insurance, HOA dues, and PMI all sit on top and vary a lot by location, so a full housing payment (often called PITI) is higher than the figure here.
How does the rate change the payment?
A lot, over 30 years. Even a fraction of a percent moves the monthly payment and adds thousands in total interest — which is why the total-interest line is worth as much attention as the monthly one.
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Recurrings keeps your mortgage alongside every other recurring cost — so the full monthly picture is always in one place.
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