Mortgage Calculator

Estimate your monthly mortgage payment, see how much interest you'll pay, and plan your home purchase with confidence.

Loan Details

Your Estimated Payment

Monthly Payment
$2,858
Principal, Interest, Taxes & Insurance
Monthly Breakdown
Principal & Interest $2,333
Property Tax $375
Home Insurance $150
Total Interest
$479,880
Total Cost
$839,880
Payoff Date
Jan 2055
Loan Amount
$360,000

Amortization Schedule

See how your payments are applied to principal and interest over the life of your loan.

Year Principal Interest Total Paid Balance

Mortgage Tips

Make smarter decisions about your home financing.

20% Down Avoids PMI

Private Mortgage Insurance (PMI) is required when your down payment is less than 20%. This can add $100-$300/month to your payment.

15-Year vs 30-Year

A 15-year mortgage has higher monthly payments but saves tens of thousands in interest. Use the calculator to compare both options.

Shop Multiple Lenders

Interest rates can vary significantly between lenders. Even a 0.25% difference can save you thousands over the life of your loan.

Consider All Costs

Remember to budget for property taxes, insurance, HOA fees, and maintenance. Your mortgage payment is just part of homeownership costs.

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