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Using the standard amortization formula banks use.

Yes — shorter terms raise the payment but cut total interest dramatically.

Enter your loan amount, rate, and term — your monthly payment updates instantly, with a full amortization schedule. No sign-up, no waiting.

📊 This week's national averages (Freddie Mac PMMS, July 2, 2026): 30-year fixed 6.43% • 15-year fixed 5.79%

Loan amount ($) Interest rate (% per year) Term (years)

Monthly payment

—

Total interest: — • Total paid: —

Amortization schedule

Period	Principal paid	Interest paid	Balance

Using the standard amortization formula: principal × monthly rate ÷ (1 − (1 + monthly rate)^−months). The same formula banks use.

Yes — a shorter term raises the monthly payment but can cut total interest dramatically. Compare 15 vs 30 years above.