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Skip to the content Log In Learn > Calculators & Tools > Mortgage Calculators > How much will my fixed rate mortgage payment be? How much will my fixed rate mortgage payment be? This calculator computes the payments (principal and interest) for a fixed rate loan. All fields are required. Home price Down payment down payment as a percent or in dollars % $ Loan term term in months or years Months Years Interest rate Show payment schedule Calculator Results Your payment will be $1,625.12. Financial Details Home price $350,000.00 Down payment 20.000 % Total amount financed $280,000.00 Payment amount $1,625.12 Total payments $585,044.48 Interest rate 5.700 % Interest calculated Monthly Total finance charge $305,044.48 Calculator tips Your payment amount includes principal and interest. It does not include property tax, association dues, private mortgage insurance, and other insurance or costs. Calculator disclaimer The information provided by these calculators is intended for illustrative purposes only and is not intended to purport actual user-defined parameters. The default figures shown are hypothetical and may not be applicable to your individual situation. Be sure to consult a financial professional prior to relying on the results. Presented by TimeValue Software ©2021 Services PERSONAL BUSINESS WEALTH About Us NEWSROOM CAREERS FDIC COVERAGE PRIVACY NOTICE Customer Service SECURITY CENTER LOCATIONS ORDER CHECKS FAQS BANK HOURS & HOLIDAYS CONTACT US Join Our Team Explore Careers Facebook Facebook Twitter Twitter LinkedIn LinkedIn Customer Contact Center: 703-684-1655 info@burkeandherbertbank.com Bank Routing Number: 056001066 © Copyright 2021 Burke & Herbert Bank. All Rights Reserved.