Finance Tools
Principal & Interest Payment Calculator
Calculate monthly principal and interest (P&I) payments without taxes, insurance, or other fees.
Inputs
This calculator estimates principal & interest (P&I) only (excluding taxes and insurance).
$
%
years
Results
Monthly P&I Payment
$1,342.05
Total Paid (P&I Only)
$483,139.46
Note: This excludes property taxes, homeowners insurance, HOA, and PMI.
How to use this principal & interest payment calculator
- Enter the loan amount (principal).
- Enter the annual interest rate (APR).
- Enter the loan term in years.
- Click Calculate to see the monthly principal and interest payment.
Example
For example, if you borrow $250,000 at 5% interest for 30 years, this calculator will show:
- The monthly principal and interest payment.
- The total amount paid over the loan term (excluding taxes and insurance).
More tools in Finance Tools
- Loan Payment Calculator
Calculate monthly payment for a fixed-rate loan.
- Mortgage Calculator
Estimate your monthly mortgage payment based on loan amount, interest rate, and term.
- Home Affordability Calculator
Estimate how much house you can afford based on your income, debts, and loan terms.
- Amortization Calculator
Generate a full amortization schedule with monthly principal and interest breakdown.