Mortgage Calculator

Comprehensive Mortgage Calculator

Calculate your estimated monthly payments and see a complete breakdown of your mortgage

Loan Details

Loan Amount The total amount you're borrowing from the lender.

$

Interest Rate (%) The annual interest rate for this loan.

Loan Term (Years) The time period to pay off the loan. 10 years 15 years 20 years 25 years 30 years Custom

Down Payment The initial payment you make toward the property.

$

Down Payment (%) Down payment as a percentage of home price.

Loan Type Different loan types have different requirements and terms. Fixed-Rate Adjustable-Rate (ARM) FHA Loan VA Loan

Annual Property Tax Annual property taxes for this property.

$

Annual Home Insurance Annual homeowner's insurance cost.

$

Monthly HOA Fees Monthly homeowners association fees, if applicable.

$

Private Mortgage Insurance (PMI %) Required if down payment is less than 20%. Typically 0.5-1% of the loan amount annually.

Additional Monthly Payment Additional amount paid toward principal each month.

$

Initial Fixed Rate Period (Years) How long the initial rate is fixed before adjusting. 3 years 5 years 7 years 10 years

Adjusted Interest Rate (%) The expected interest rate after the initial period.

Mortgage Results

Calculating...

Estimated Monthly Payment

$1,520.06

Principal & Interest $1,520.06

Property Tax $300.00

Home Insurance $100.00

PMI $0.00

HOA Fees $0.00

Total Monthly Payment $1,920.06

Loan Amount $240,000

Down Payment $60,000 (20%)

Total Interest Paid $307,220

Total Cost of Loan $547,220

Loan Payoff Date April 5, 2055

Amortization Schedule

Showing yearly summary. Scroll to see complete breakdown.

Year	Principal Paid	Interest Paid	Total Paid	Remaining Balance