Mortgage Calculator
Plan your home purchase with confidence. This mortgage calculator estimates your monthly payment including principal, interest, property taxes, homeowners insurance and HOA fees — and generates a complete year-by-year amortization schedule so you can see exactly where every dollar goes.
TheCalculators — Mortgage Calculator
Printed thecalculators.com
Monthly Payment
$2,322.62
30-year fixed at 6.50% · Loan $320,000
- House Price
- $400,000.00
- Loan Amount
- $320,000.00
- Down Payment
- $80,000.00 (20.0%)
- Principal & Interest
- $2,022.62
- Property Tax
- $200.00
- Home Insurance
- $100.00
- Total of Payments
- $728,142.36
- Total Interest
- $408,142.36
- Payoff Time
- 30 yr 0 mo
Payment breakdown (monthly)
- Principal & Interest$2,023
- Property Tax$200
- Insurance$100
Amortization schedule (annual)
Totals assume scheduled payments; actual lender figures may vary slightly.
Most useful next
Formula
Monthly Payment = P × r(1+r)^n / ((1+r)^n − 1)
- • P = loan amount (home price − down payment)
- • r = monthly interest rate (annual rate ÷ 12)
- • n = number of payments (years × 12)
- • Add monthly property tax, insurance, PMI and HOA for the true monthly cost.
Pro tips
- • A 20% down payment eliminates PMI and usually secures better rates.
- • Shorter terms (15 yr) have higher payments but dramatically less total interest.
- • One extra payment per year can cut ~4-6 years off a 30-year loan.
FAQ
Related Calculators
More Finance tools you might need.
Auto Loan Calculator
Compute car loan payments, total interest and payoff schedule with trade-in and sales tax.
CalculateCompound Interest Calculator
Watch your money grow with compound interest, contributions and full growth schedule.
CalculateHouse Affordability Calculator
How much house you can afford — by income & DTI rules or by a fixed monthly housing budget.
CalculateRefinance Calculator
Old vs new loan payments, interest savings, and the closing-cost break-even point.
Calculate