Mortgage Calculator
Example
This is a sample result, not your calculation. Enter your own values to replace it.
Enter a home price, down payment, loan term and interest rate, then calculate to see your estimated monthly payment and amortization schedule.
Estimated monthly payment
- Principal & interest
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- Property tax
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- Home insurance
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- PMI
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- HOA
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- Other costs
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Extra payments
- Extra principal paid
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- Interest saved
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- Time saved
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- Paid off in
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Costs over the loan, with your yearly increases
- Property tax
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- Home insurance
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- HOA
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- Other costs
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- Total cost of ownership
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Totalled across the life of the loan, so paying it off early shortens the period these cover. Total cost of ownership adds principal, interest and PMI to them.
If you paid biweekly instead
- Biweekly payment
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- Paid off in
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- Total interest
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- Interest saved
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- Time saved
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Half the monthly principal and interest, paid every two weeks — 26 payments a year instead of 12.
View year-by-year amortization schedule
| Year | Principal | Interest | Balance |
|---|
Amounts are shown to the nearest dollar, in US dollars (USD).
This is an estimate of your monthly housing cost (often called PITI). Principal and interest use the fixed-rate amortization formula; PMI applies while your balance stays above 80% of the home price. Your actual rate, taxes and insurance depend on your lender, location and credit profile.
Check your entries