Rex says
The number that matters isn't the price — it's the monthly. Most surprises come from rate, not principal. Move the rate slider 1% and watch the monthly jump; that's the conversation to have with your lender.
Try a scenario
Click to load — tweak from there.Inputs
Result
Monthly payment
$2,075.51
Loan amount
$320,000
Total interest
$427,185
Total paid
$747,185
About $2,076/mo (principal + interest only). Over 30 years you'll pay ~$427,185 in interest — that's 133% on top of the loan. Add ~1–2% of home value/year for taxes + insurance.
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How to use this
- 1Enter the home price you're considering.
- 2Down payment goes here — 20% avoids PMI in most cases.
- 3Punch in the rate your lender quoted (or today's average for a gut-check).
- 4Pick your term — 30-year keeps it low, 15-year cuts interest in half.
- 5Add ~1–2% of home value/year for taxes + insurance — those aren't included here.
About this calculator
Estimate the monthly payment on a home loan from price, down payment, interest rate, and term. Includes total interest paid over the life of the loan.
FAQ
Does this include taxes and insurance?
No — this is principal and interest only. Add 1–2% of home value annually for taxes + insurance estimates.