Questions · Mortgage

Mortgage calculator questions

Q: What is the payment on a $400,000 home with 20% down at 6.5% for 30 years?

Stated sample only: loan amount $320,000.00; principal and interest about $2,022.62 per month; total interest about $408,142.36. Not a lender quote.

Q: Where can I learn about mortgages from a government source?

The CFPB publishes consumer mortgage tools and guides on consumerfinance.gov.

Sample payment math—not rate quotes.

Calculator · How we calculate · CFPB mortgages

Written & maintained by John Rey Balais Developer · Nestfigure

Math

What is the payment on a $400,000 home with 20% down at 6.5% for 30 years?

Stated sample only: about $2,022.62 P&I/month. Prefill calculator · Example page.

How is the loan amount calculated?

Loan amount = home price − down payment. Nestfigure amortizes that loan amount for principal and interest.

Limits

Does this include PMI?

No automatic PMI. If you want a PMI-like amount in the total housing figure, add it yourself in the optional monthly fields—Nestfigure does not calculate PMI formulas.

Product

Where can I learn about mortgages from a government source?

See CFPB mortgage tools.

Educational only. Last reviewed: August 9, 2026.

YMYL notice: This site is for education only. It is not financial, tax, or investment advice. Nestfigure is not a bank, credit union, broker, investment adviser, or fiduciary. Product terms, rates, and penalties vary—always read your institution’s disclosures before acting. Calculator results are mathematical estimates, not bank quotes.