Home Loan Amount Calculator

Tell us what you think you can afford each month, and we’ll help you calculate the loan amount of a 30-year and 15-year mortgage.

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Monthly payment (principal and interest)

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Your results

30-year fixed loan amount

$181,093

Calculations assume a 5.25% interest rate.

15-year fixed loan amount

$128,562

Calculations assume a 4.75% interest rate.

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How it works

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How we calculate the loan amount

Using the principal and interest amount you entered and the interest rate, we calculate your total loan amount based on two popular loan options: a 30-year fixed rate mortgage and a 15-year fixed rate mortgage. The results are determined using an amortization formula.

Amortization is the process of paying a loan off over time. At first, a larger portion of your monthly payment goes toward paying interest, rather than principal. However, as you move toward the end of your loan, more of your payment will go toward your principal.