Mortgage Calculator — 15-Year Fixed
A 15-year fixed mortgage amortizes over 180 months, so the monthly payment is higher but total interest is dramatically lower and equity builds far faster. This page pre-fills a 15-year term and a slightly lower rate to show the payment-versus-interest trade-off against a 30-year loan.
Monthly mortgage payment estimate
Estimated payment, per month
$3,589.48
- Loan amount
- $360,000
- Down payment
- 20%
- Total interest
- $178,106
Monthly payment breakdown
Principal & interest$2,989.48
Property tax$450.00
Home insurance$150.00
Estimate using fixed-rate amortization plus the taxes, insurance, PMI, and HOA you enter. PMI is included only when the down payment is under 20% and is not auto-cancelled here. Not a rate lock, pre-approval, or financial advice.