AllEasyToolsFinance
Fixed-rate mortgage
Fixed-rate mortgage: calculate from your inputs and inspect the formula. No account required. Processing stays in your browser.
P = price − down payment; C = P·i/[1−(1+i)⁻ⁿ]
Use the same currency for all amounts. Illustration using your input rates; no taxes, fees or guaranteed returns unless explicitly entered.
How to use this calculator
- Identify the quantities and convert them to the units shown.
- Apply the formula first, then compare with the substitution and result.
- Check the assumptions and whether the order of magnitude makes sense.
Illustrative calculations, not a loan offer or a prediction. Check rates, fees, taxes and contract terms before making decisions.
Get a useful result
Compare scenarios by keeping principal and term unchanged and varying only the rate. The calculated payment follows a fixed-rate model with regular payments; it is not a lender’s offer or a guarantee that you can obtain that loan.
A practical example
Use these sample inputs to check the calculation before entering your own values.
- Home price
- 200000
- Down payment
- 40000
- Annual rate (%)
- 5
- Months
- 60
- Other monthly costs
- 100
Result for this example
- Financed principal
- 160000
- Principal and interest payment
- 3019.397383041749
- Monthly total with entered costs
- 3119.397383041749
Does the payment include every cost of buying a home?
No. Consider taxes, insurance, fees, maintenance and other costs not present in the form separately. Do not equate an entered nominal rate with an annual percentage rate calculated from all costs.