Mortgage Interest Rate
Down Payment Percent
Single Input Debt Metrics

Loan Term

The total length of the mortgage loan in months.

Example Result

Sample Data
360 months

Based on a sample $385,000 property with $2,850/month rent, 20% down, 7% interest rate.

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Loan Term Formula

User Input (Months)
User Input (Months)
360 months

Common Mortgage Terms

30-Year
360 months

Most common for investment properties. Lowest monthly payment, maximizes cash flow.

Your Property
20-Year
240 months

Middle ground between payment size and interest savings.

15-Year
180 months

Popular for refinancing. Much less total interest, faster equity buildup.

10-Year
120 months

Aggressive payoff. Highest payment but least total interest.

Where to Find This Value

Here's where you can find the value for Loan Term:

Loan Estimate

The loan term is specified on your Loan Estimate or mortgage agreement

Lender Agreement

Your lender agreement specifies the full term (commonly 360, 240, or 180 months)

Used to Calculate

Loan Term is used as an input for these calculations:

Monthly Mortgage Payment
Debt Metrics
$2,049.13
Year 1 Principal Paydown
Debt Metrics
$3,129
Year 1-5 Cumulative Principal Paydown
Debt Metrics
$18,075
Remaining Balance Year 5
Debt Metrics
$289,925
Remaining Balance Year 10
Debt Metrics
$264,302
Equity From Loan Paydown (Year 1-5)
Equity & Wealth
$3,129

Platform Distribution

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Why It Matters

The loan term directly impacts your monthly payment and total interest cost. A 15-year term on a $300,000 loan at 7% has payments of $2,696 vs. $1,996 for a 30-year term — but saves over $150,000 in total interest. Choose a term that balances cash flow needs with long-term wealth building goals.

Detailed Explanation

Loan Term is the total repayment period of the mortgage, expressed in months. Common terms are 360 months (30 years), 240 months (20 years), and 180 months (15 years). A longer term means lower monthly payments but more total interest paid. A shorter term means higher monthly payments but faster equity buildup and less total interest. Most investment property loans use a 30-year term to maximize cash flow.

Discussion

Displayed in months (e.g. 360) because that is how mortgage math works internally, but most users think in years ("30-year mortgage" not "360-month mortgage"). Consider whether a years display with months in parentheses would be more intuitive.

Example

Sample Result
360 months

Based on a sample $385,000 property with $2,850/month rent, 20% down, 7% interest rate.

Related Calculations

Monthly Mortgage Payment

U

Monthly principal and interest payment on the mortgage.

$2,049.13 Example

Annual Debt Service

2

Total annual mortgage payments.

$24,590 Example

Debt Service Coverage Ratio

2

NOI divided by annual debt service — measures ability to cover mortgage.

0.83x Example

Loan to Value Ratio

2

Loan amount as a percentage of property value.

80.00% Example

Debt Yield

2

NOI as a percentage of total loan amount.

6.61% Example

Monthly Principal Payment

U

Principal portion of the first month's mortgage payment.

$252.47 Example

Run This Calculation on Your Property

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