Mortgage Calculator
Monthly payment, total interest, and full amortization schedule
Monthly payment
$2,775.44
Total interest
$459,160
Loan paid off in
30y 0m
Loan details
Taxes, insurance, PMI
PMI typically applies when down payment is under 20%. We automatically include it while the loan exceeds 80% of the home value.
Extra principal payments shorten the loan and reduce interest.
Monthly payment breakdown
Amortization schedule (first 24 months + last 6)
| Month | Principal | Interest | Balance |
|---|---|---|---|
| 1 | $325.44 | $1,950.00 | $359,674.56 |
| 2 | $327.21 | $1,948.24 | $359,347.35 |
| 3 | $328.98 | $1,946.46 | $359,018.37 |
| 4 | $330.76 | $1,944.68 | $358,687.61 |
| 5 | $332.55 | $1,942.89 | $358,355.05 |
| 6 | $334.36 | $1,941.09 | $358,020.70 |
| 7 | $336.17 | $1,939.28 | $357,684.53 |
| 8 | $337.99 | $1,937.46 | $357,346.54 |
| 9 | $339.82 | $1,935.63 | $357,006.73 |
| 10 | $341.66 | $1,933.79 | $356,665.07 |
| 11 | $343.51 | $1,931.94 | $356,321.56 |
| 12 | $345.37 | $1,930.08 | $355,976.19 |
| 13 | $347.24 | $1,928.20 | $355,628.95 |
| 14 | $349.12 | $1,926.32 | $355,279.83 |
| 15 | $351.01 | $1,924.43 | $354,928.81 |
| 16 | $352.91 | $1,922.53 | $354,575.90 |
| 17 | $354.83 | $1,920.62 | $354,221.07 |
| 18 | $356.75 | $1,918.70 | $353,864.33 |
| 19 | $358.68 | $1,916.77 | $353,505.65 |
| 20 | $360.62 | $1,914.82 | $353,145.02 |
| 21 | $362.58 | $1,912.87 | $352,782.45 |
| 22 | $364.54 | $1,910.90 | $352,417.91 |
| 23 | $366.51 | $1,908.93 | $352,051.39 |
| 24 | $368.50 | $1,906.95 | $351,682.89 |
| ... 330 months ... | |||
| 355 | $2,202.87 | $72.57 | $11,194.66 |
| 356 | $2,214.81 | $60.64 | $8,979.85 |
| 357 | $2,226.80 | $48.64 | $6,753.04 |
| 358 | $2,238.87 | $36.58 | $4,514.18 |
| 359 | $2,250.99 | $24.45 | $2,263.19 |
| 360 | $2,263.19 | $12.26 | $0.00 |
Quick steps
Enter the loan basics
Home price, down payment percentage, loan term, and interest rate.
Add taxes, insurance, PMI
Annual property taxes and home insurance get divided into monthly. PMI applies automatically when down payment is under 20%.
Review your schedule
See monthly payment breakdown, total interest, and the full amortization schedule. Add extra payments to see savings.
Frequently asked questions
What is PMI?
Private Mortgage Insurance, charged by lenders when your loan-to-value ratio exceeds 80%. It protects the lender if you default. Our calculator includes PMI automatically and drops it once your equity passes 20%.
How does an extra monthly payment help?
Extra principal payments reduce the loan balance faster, which reduces the interest charged on future payments. The schedule recalculates to show how many months you save.
Are property taxes the same everywhere?
No. Property taxes vary widely by state, county, and city. Check your local assessor's site for current rates and enter the annual estimate.
Why is my interest so much higher than my principal early on?
Mortgage payments are amortized, so early payments are mostly interest with a small principal slice. The ratio shifts toward principal over time. This is normal and is why extra payments early in the loan are most effective.