Mortgage Calculator
Find your monthly mortgage payment with property tax, insurance, PMI and HOA, the total cost and the amortization schedule.
Change the values and press Calculate to work out your own figures.
Enter the price, down payment, term and rate, and the costs you pay with it.
| Year | Interest | Principal | Balance |
|---|---|---|---|
| 1 | $23,932.05 | $2,944.11 | $317,055.89 |
| 2 | $23,703.17 | $3,172.99 | $313,882.90 |
| 3 | $23,456.47 | $3,419.69 | $310,463.21 |
| 4 | $23,190.66 | $3,685.50 | $306,777.71 |
| 5 | $22,904.14 | $3,972.02 | $302,805.69 |
| 6 | $22,595.35 | $4,280.81 | $298,524.88 |
| 7 | $22,262.55 | $4,613.61 | $293,911.27 |
| 8 | $21,903.91 | $4,972.25 | $288,939.02 |
| 9 | $21,517.37 | $5,358.79 | $283,580.23 |
| 10 | $21,100.78 | $5,775.38 | $277,804.85 |
| 11 | $20,651.79 | $6,224.37 | $271,580.48 |
| 12 | $20,167.90 | $6,708.26 | $264,872.22 |
| 13 | $19,646.41 | $7,229.75 | $257,642.47 |
| 14 | $19,084.37 | $7,791.79 | $249,850.68 |
| 15 | $18,478.65 | $8,397.51 | $241,453.17 |
| 16 | $17,825.81 | $9,050.35 | $232,402.82 |
| 17 | $17,122.23 | $9,753.93 | $222,648.89 |
| 18 | $16,363.97 | $10,512.19 | $212,136.70 |
| 19 | $15,546.77 | $11,329.39 | $200,807.31 |
| 20 | $14,666.03 | $12,210.13 | $188,597.18 |
| 21 | $13,716.81 | $13,159.35 | $175,437.83 |
| 22 | $12,693.81 | $14,182.35 | $161,255.48 |
| 23 | $11,591.28 | $15,284.88 | $145,970.60 |
| 24 | $10,403.02 | $16,473.14 | $129,497.46 |
| 25 | $9,122.41 | $17,753.75 | $111,743.71 |
| 26 | $7,742.27 | $19,133.89 | $92,609.82 |
| 27 | $6,254.77 | $20,621.39 | $71,988.43 |
| 28 | $4,651.69 | $22,224.47 | $49,763.96 |
| 29 | $2,923.95 | $23,952.21 | $25,811.75 |
| 30 | $1,061.93 | $25,811.75 | $0.00 |
Show the working
- principal and interest = loan × i ÷ (1 − (1 + i)^−n)
- plus tax, insurance, PMI, HOA and other costs a month
How to use it
Enter the price, down payment, term and rate, and the costs you pay with it.
Enter amounts without commas or with them; rates are percentages (5 for 5%). Negative amounts are allowed where a sign means money paid out.
Key facts
principal and interest = loan × i ÷ (1 − (1 + i)^−n) monthly total = principal and interest + tax ÷ 12 + insurance ÷ 12 + PMI + HOA + other ÷ 12
PMI
Lenders usually require private mortgage insurance below 20% down, about 0.3–1.9% of the loan a year, until the balance reaches 78–80% of the home's value.
Questions
What is the payment on a $400,000 home with 20% down at 7.51%?
$2,239.68 principal and interest; $3,098.01 with 1.2% tax, $1,500 insurance and $4,000 other costs.
Formulas
principal and interest = loan × i ÷ (1 − (1 + i)^−n) monthly total = principal and interest + tax ÷ 12 + insurance ÷ 12 + PMI + HOA + other ÷ 12
Sources
Limitations
- Results are estimates for planning, not offers or financial advice; lenders and banks may round, count days or time payments differently.
- Rates are nominal annual rates compounded as you choose; payments at a different frequency use the equivalent periodic rate.