House Loan Monthly Payment Calculator
Free house loan monthly payment calculator to calculate monthly payments, down payment, and repayment schedules. Plan your mortgage with standard, home equity, VA, USDA, and home improvement loan options. Perfect for USA, Malaysia, India, and Australia. Get instant results and export to Excel.
Loan Details
Select your region to use appropriate default values
Down payment: 20.00%
Additional Costs (Optional)
Typically required when down payment is less than 20%
Extra Payments (Optional)
Summary
Monthly Payment
$2,528.27
Total Monthly Payment
$2,528.27
Total Interest
$510,177.95
Total Payment
$910,177.20
Total Cost
$1,010,177.20
Loan Amount
$400,000.00
Principal & Interest
$2,528.27
Formula
M = P × (r × (1 + r)^n) / ((1 + r)^n - 1)
Where: P = loan amount, r = monthly rate (APR / 12 / 100), n = total months