Mortgage Calculator
Estimate your full monthly mortgage payment — principal, interest, property taxes, homeowner's insurance, and PMI — then see a complete amortization schedule. Change any input and the results update instantly.
Monthly Breakdown
- Principal & Interest$2,275
- Property Tax$450
- Home Insurance$125
Amortization Schedule
| Year | Payment | Principal | Interest | Balance |
|---|---|---|---|---|
| 1 | $27,305 | $4,024 | $23,282 | $355,976 |
| 2 | $27,305 | $4,293 | $23,012 | $351,683 |
| 3 | $27,305 | $4,581 | $22,725 | $347,102 |
| 4 | $27,305 | $4,888 | $22,418 | $342,214 |
| 5 | $27,305 | $5,215 | $22,090 | $337,000 |
| 6 | $27,305 | $5,564 | $21,741 | $331,435 |
| 7 | $27,305 | $5,937 | $21,368 | $325,498 |
| 8 | $27,305 | $6,334 | $20,971 | $319,164 |
| 9 | $27,305 | $6,759 | $20,547 | $312,405 |
| 10 | $27,305 | $7,211 | $20,094 | $305,194 |
| 11 | $27,305 | $7,694 | $19,611 | $297,500 |
| 12 | $27,305 | $8,210 | $19,096 | $289,290 |
| 13 | $27,305 | $8,759 | $18,546 | $280,531 |
| 14 | $27,305 | $9,346 | $17,959 | $271,185 |
| 15 | $27,305 | $9,972 | $17,333 | $261,213 |
| 16 | $27,305 | $10,640 | $16,666 | $250,573 |
| 17 | $27,305 | $11,352 | $15,953 | $239,221 |
| 18 | $27,305 | $12,113 | $15,193 | $227,108 |
| 19 | $27,305 | $12,924 | $14,382 | $214,184 |
| 20 | $27,305 | $13,789 | $13,516 | $200,395 |
| 21 | $27,305 | $14,713 | $12,592 | $185,682 |
| 22 | $27,305 | $15,698 | $11,607 | $169,984 |
| 23 | $27,305 | $16,750 | $10,556 | $153,234 |
| 24 | $27,305 | $17,871 | $9,434 | $135,363 |
| 25 | $27,305 | $19,068 | $8,237 | $116,295 |
| 26 | $27,305 | $20,345 | $6,960 | $95,950 |
| 27 | $27,305 | $21,708 | $5,598 | $74,242 |
| 28 | $27,305 | $23,162 | $4,144 | $51,081 |
| 29 | $27,305 | $24,713 | $2,593 | $26,368 |
| 30 | $27,305 | $26,368 | $938 | $0 |
Swipe the table sideways to see all columns →
How to use this calculator
Start by entering the home price and your planned down payment percentage. The down payment slider updates the dollar amount so you can see 5%, 10%, 20% side-by-side without doing the math.
Next, enter today's interest rate and pick a loan term. 30-year fixed is the most common, but shorter terms cut total interest sharply.
The property tax rate, homeowner's insurance, and PMI rate fields come pre-filled with reasonable national averages. If you know the specific numbers for your home or state, overwrite them for a more accurate result.
PMI (private mortgage insurance) is only charged if your down payment is below 20%. The calculator drops PMI automatically once you cross that threshold.
How it works
A fixed-rate mortgage is a loan where your interest rate stays the same for the whole term. Each month you pay the lender a fixed amount, and that payment is split between principal (reducing the amount you owe) and interest (the lender's fee for letting you borrow).
In the early years of the loan, most of your payment is interest. As the balance drops, more of each payment goes toward principal. The amortization table below shows exactly how that split changes every month.
Your total monthly housing payment — sometimes called PITI — also includes property taxes (based on your home's value and your local tax rate) and homeowner's insurance. Lenders usually escrow these, meaning you pay 1/12 of the annual cost each month along with the loan payment.
If your down payment is below 20%, lenders also require private mortgage insurance (PMI), which protects the lender if you default. PMI typically costs 0.5%–1.5% of the loan balance per year and drops off once you cross 20% equity (i.e. your LTV reaches 80%).
Frequently Asked Questions
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