Welcome to Citizens Bank. This site is screen reader friendly.

Skip to content Skip to main navigation Skip to main sub navigation Skip to footer navigation

How Much Would Your Monthly Mortgage Payment Be?

Use our mortgage payment calculator to determine your payment and amortization schedule

There are a lot of variables that determine your monthly mortgage payment. However, this calculator’s estimates will give you an idea of what you can afford when it’s time to take out a loan (excluding the cost of insurance and taxes). Simply enter the mortgage amount, term and rate you are considering and hit calculate to obtain a projected mortgage payment. For example, a $100,000, 15-year loan with a 6.99% APR* will result in 180 monthly payments of $893.25. If the monthly payment generated would stretch your budget farther than you would like, you may need to save more, choose a more affordable home, or wait for interest rates to improve.

Our mortgage payment calculator will also generate an amortization schedule for your current mortgage or loan. You can quickly see how much interest you will pay as your principal balance decreases, and even determine the impact of any prepayments toward the principal. Click the "View Report" button to see a complete amortization schedule, either by month or by year.

Your actual rate, payment, and costs could be higher. Get an official Loan Estimate before choosing a loan.

Contact us by Email Act Now

How our mortgage payment calculator can help inform your budget and home-buying decisions

In addition to the monthly cost determined by the mortgage payment calculator, your budget should account for all related home-buying expenses. The down payment, closing costs, property taxes and homeowners insurance will all increase the total cost of buying a home and should be planned for by first-time home buyers. Make sure you’ll be financially secure after signing on the dotted line by budgeting for each of these costs before making the decision to buy. To determine which borrowing solution is right for your unique needs or to discuss mortgage payment options, contact a Citizens Bank Home Loan Originator today.

Calculator does not include taxes and insurance which will also be a part of your mortgage payment if you have an escrow account.

*Annual Percentage Rate (APR)

This calculator is intended for informational purposes only and is not intended to provide today’s actual rates or terms.
Your actual results may vary.



Branch/ATM Locator

Over 1,100 branches close by.


Contact Information

Receive Email Updates

Sign up now to receive offers and updates from Citizens Bank.


All accounts, loans, and services are subject to individual approval. Offers may be withdrawn without notice.

Mortgages and Home Equity Loans are offered and originated by Citizens Bank, N.A. (NMLS ID# 433960).