Mortgage Calculator
Mortgage Calculator
Enter a home price, down payment, rate, and term to see your estimated monthly payment including principal, interest, taxes, insurance, and HOA dues.
Results
- Loan amount
- $320,000
- Principal & interest
- $2,023
- Taxes, insurance & HOA
- $525
- Total monthly payment
- $2,548
- Total interest over loan
- $408,142
- Total paid over loan
- $728,142
Yearly amortization schedule
| Period | Year | Principal paid | Interest paid | Remaining balance |
|---|---|---|---|---|
| 1 | $3,577 | $20,695 | $316,423 | |
| 2 | $3,816 | $20,455 | $312,607 | |
| 3 | $4,072 | $20,200 | $308,535 | |
| 4 | $4,345 | $19,927 | $304,191 | |
| 5 | $4,636 | $19,636 | $299,555 | |
| 6 | $4,946 | $19,325 | $294,609 | |
| 7 | $5,277 | $18,994 | $289,332 | |
| 8 | $5,631 | $18,641 | $283,701 | |
| 9 | $6,008 | $18,264 | $277,694 | |
| 10 | $6,410 | $17,861 | $271,284 | |
| 11 | $6,839 | $17,432 | $264,444 | |
| 12 | $7,297 | $16,974 | $257,147 | |
| 13 | $7,786 | $16,485 | $249,361 | |
| 14 | $8,308 | $15,964 | $241,053 | |
| 15 | $8,864 | $15,407 | $232,189 | |
| 16 | $9,458 | $14,814 | $222,732 | |
| 17 | $10,091 | $14,180 | $212,641 | |
| 18 | $10,767 | $13,505 | $201,874 | |
| 19 | $11,488 | $12,784 | $190,386 | |
| 20 | $12,257 | $12,014 | $178,129 | |
| 21 | $13,078 | $11,193 | $165,051 | |
| 22 | $13,954 | $10,317 | $151,097 | |
| 23 | $14,888 | $9,383 | $136,208 | |
| 24 | $15,886 | $8,386 | $120,323 | |
| 25 | $16,949 | $7,322 | $103,373 | |
| 26 | $18,085 | $6,187 | $85,289 | |
| 27 | $19,296 | $4,976 | $65,993 | |
| 28 | $20,588 | $3,683 | $45,405 | |
| 29 | $21,967 | $2,305 | $23,438 | |
| 30 | $23,438 | $833 | $0 |
Frequently asked questions
What's included in the monthly payment shown here?
Principal and interest on the loan, plus estimated property tax, homeowners insurance, and HOA dues if you enter them — the full PITI payment most lenders quote.
Does a bigger down payment always lower my payment?
Yes — a larger down payment shrinks the loan amount, which lowers both the principal & interest portion and, on conventional loans, can remove the need for PMI once you reach 20% equity.