**Instructions:** Enter the amount borrowed along with the loan term & the APR to calculate your estimated monthly principal & interest payment.

The above calculator estimates the core principal & interest payments on a fixed-rate mortgage. By default the calculator returns monthly values, though if you switch the payments per year from 12 to 24, 26 or 52 you can see the equivalent semi-monthly, biweekly or weekly payment information.

The results return the principal & interest portion of the payment first, then the equivalent payment with other costs of ownership included like insurance, association dues, property tax payments & maintenance of the dwelling. The final calculated result in the top section of the results is the total interest expense one would have if they made regular payments throughout the duration of the loan.

The home's total & average ownership costs are then estimated, and then these values are compared to the amount the home appreciates to get the true cost of ownership.