Mortgage Payment Calculator
Monthly Payment
$0
Total Interest
$0
Total Payments
$0
Loan-to-Value
0%
| Parameter | Description | Example Values |
|---|---|---|
| Loan Amount | Total mortgage amount being borrowed | $200,000 – $500,000 |
| Interest Rate | Annual percentage rate (APR) | 6.5% – 7.5% (2023 averages) |
| Loan Term | Duration of mortgage in years | 15 or 30 years |
| Down Payment | Initial payment reducing loan amount | 3% – 20% of purchase price |
| Monthly Payment | Principal + interest payment | $1,500 – $3,500 |
| Total Interest | Interest paid over loan term | $100,000 – $400,000 |