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Mortgage Payment Range Calculator

Quickly Estimate Affordable Home Payments

About This Tool

This calculation tool calculates monthly mortgage payments for 5, 10, 15, 20, 25, 30 year & interest-only home loans. Whenever the principal amount or interest rates are changed, these values automatically update.

Home buyers can then enter a minimum & maximum monthly payment & click on the [Calculate Range] button to quickly compute how many months & years it would take to pay off a loan given those monthly payment amounts, along with the total cost of interest over the life of the loan.

Loan Amount:
Interest rate (APR in %):
Years Payments Monthly Payment ($) Total Interest
5 60
10 120
15 180
20 240
25 300
30 360
Interest Only:
Min Payment:
Max Payment:
Years Months Payment Type Total Interest
Your Min
Your Max
Difference

 

 

Tips & Notes

The minimum monthly payment entered should be more than the interest only amount, such that the loan is paid down over time.

This calculator only accounts for the basic loan costs of principal & interest.

  • Other loan & home ownership related costs (including repairs) can be substantial.
  • If you want to use a calculator which contains other fees like property taxes, homeowner's insurance, PMI & HOA then please use the full-featured calculator on our homepage.