Use this free Navy Federal Credit Union fixed-rate mortgage calculator to calculate your monthly payment and the total interest rate. Save money on your mortgage now!

Navy Federal Credit Union fixed-rate mortgages offer homeowners a variety of benefits. They provide the stability and peace of mind that comes with a single, constant interest rate. This makes it possible for homeowners to stop worrying about money and truly enjoy their new homes.

## What Is a Fixed-Rate Mortgage?

A fixed-rate mortgage is a mortgage with a single interest rate, one that doesn’t change for the entire course of the loan. This protects buyers from sudden spikes in interest that artificially inflate their required monthly payments.

The vast majority of fixed-rate mortgages come with 15 or 30-year terms.

It’s essential to figure out what your required payments will be before you agree to any loan, and this is particularly true when you’re talking about a mortgage. Our Navy Federal Credit Union fixed-rate mortgage calculator will show you how much you can expect to pay each month — and how many of those dollars go into paying the interest. You’ll even get to see the total amount of interest paid over the course of the loan.

Calculate your minimum monthly mortgage payment and the total interest you'll pay on your Navy Federal Credit Union loan.

Loan Amount: | |

Interest Rate: | |

Number of Months to Pay on Loan: | |

Additional Principal Per Month: | |

Monthly Payment: | |

Total Interest Paid on Loan: |

### Amortization Schedule

Payment | Principal | Interest | Loan Balance |

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By using this calculator you agree to terms and conditions. These calculators are designed to be informational and educational tools only, and when used alone, do not constitute investment or financial advice. We strongly recommend that you seek the advice of a financial services professional before making any type of investment or deciding on your financial matters. This model is provided as a rough approximation of future financial performance. The results presented by this calculator are hypothetical and may not reflect the actual growth of your own investments. We can't take into account potential lender fees, payoff schedule can be longer than in the estimation. Feedfeeds and its affiliates are not responsible for the consequences of any decisions or actions taken in reliance upon or as a result of the information provided by these tools. Feedfeeds is not responsible for any human or mechanical errors or omissions.

*For example,*

Assume you take a $100000 Navy Federal Credit Union loan for 360 months (30 years) with the interest rate of 15% and the additional principal of $150. The Navy Federal Credit Union fixed-rate mortgage calculator will give the following results. Your monthly payment will be $1414.44 and the total interest will be $146113.26.

Using our free Navy Federal Credit Union fixed-rate mortgage calculator is quite easy. Enter the loan amount Navy Federal Credit Union is offering you, the interest rate, the term of the loan in months and any additional principal per month. Then click **“Calculate”**. You’ll be able to see the full amortization schedule in a spreadsheet. You can then print this spreadsheet for your own personal records.

The best way to use this calculator is to test out varying loan amounts and interest rates when you’re comparing mortgages.

**Loan Amount** – The total amount of money currently owed. If you’re comparing mortgages but haven’t agreed to anything, fill this with the total amount of money Navy Federal Credit Union is offering you.

**Interest Rate** – Interest is how you pay lenders for the service of providing a loan, calculated as a percentage of the loan amount. Your actual interest rate is the amount you’ll be charged, usually referred to as the APR (Annual Percentage Rate).

**Number of Months** – The total number of months remaining in the loan. If you’re calculating payments for a mortgage you haven’t accepted, this is the total number of months on the contract. This can also be determined by taking the number of years in the loan term and multiplying that number by twelve.

**Additional Principal per Period **– This accounts for any money added to the principal.

**Monthly Payment – **The stated dollar amount that you are expected to pay towards your mortgage each month.

**Total Interest Paid on a Loan – **The total amount of interest Navy Federal Credit Union will charge for using their services.