How Do I Calculate a Mortgage Payment?

Repayment of a mortgage loan requires that the borrower make a monthly payment back to the lender. Each monthly payment typically covers some portion of the loan principal, plus monthly interest on the outstanding balance. Loan payments are amortized so that your monthly payment remains the same during the repayment period, but the percentage of the payment that goes towards principal will increase as the outstanding mortgage balance decreases. Mortgage payments can also include amounts for property taxes, homeowner's insurance and monthly homeowner's association dues into an escrow account, managed by your lender. When those items are due, your lender will make the payment to the tax authority, insurance company or homeowner's association.

Use this calculator to calculate a mortgage payment.


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The calculations provided by this calculator are based entirely on the information you enter, including any loan amount and/or interest rate. These calculations do not reflect the terms available for any Regions loans or whether you qualify for any Regions loan. Find out more about Regions loans.