Payment scope
This calculator includes principal and interest only. Taxes, insurance, fees, variable rates and early payoff behavior are not included.
Example
A 250,000 loan at 6% for 30 years has a fixed principal-and-interest payment of about 1,499 per month before any taxes, insurance or fees.
How to use the result
Use the payment to compare loan size, rate and term scenarios. A longer term usually lowers the monthly payment but increases total interest.
Limitations
This is a simplified amortized-loan estimate. It does not model adjustable rates, balloon payments, prepayment penalties or lender-specific fees.
Last reviewed: 2026-05-17