Mortgage Payment Calculator
Find out your monthly mortgage payment including principal and interest breakdown.
Understanding Mortgage Payments
Payment breakdown: Early years = more interest, later years = more principal
Key Factors
- Down Payment: 20%+ avoids PMI
- Loan Term: 15-yr saves interest, 30-yr lower payment
- Interest Rate: 0.5% difference = thousands saved
Frequently Asked Questions
What affects mortgage payment?
Loan amount, interest rate, term length, and down payment all affect your payment.
How can I lower my payment?
Larger down payment, longer term, or refinancing to a lower rate.