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Quickly Estimate Affordable Home Payments

Mortgage Payment Range Calculator

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.

Please note this calculator deals with principal and interest only. For sake of simplicity it does not calculate HOA, PMI, homeowner's insurance or property taxes. Once you have the general payment ranges in mind you can use the calculator on our homepage to calculate the associated payments with all those other inputs.

Description Amount
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:
Enter Your Minimum Monthly Payment:
Enter Your Maximum Monthly Payment:
Years Months Payment Type Total Interest
Your Min
Your Max

Here is a table which shows current mortgage rates available in your local area.


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. We also offer side-by-side comparison calculators for fixed vs arm loans & the following fixed-rate loan durations:

Brighton Homeowners May Want to Refinance While Rates Are Low

US 10-year Treasury rates have recently fallen to all-time record lows due to the spread of coronavirus driving a risk off sentiment, with other financial rates falling in tandem. Homeowners with a steady payment history may benefit from recent rate volatility.