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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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40-Year Projection Chart

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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)

Calculations That Use Loan Term

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.

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Current remaining principal balance on the mortgage based on the actual number of months since purch

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Total mortgage principal paid down over the actual ownership period.

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Total annual mortgage payments.

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Net Operating Income divided by annual debt service — measures ability to cover mortgage.

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Loan to Value Ratio

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Loan amount as a percentage of property value.

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