Mortgage Calculator

Your details

Payment mode builds the cost from the home price; budget mode reverse-solves the price a monthly principal and interest payment can support.
The purchase price of the home before your down payment.
Cash you pay up front. Switch the unit to enter it as a percent of the price.
The nominal annual interest rate (the note rate, excluding fees).
%
Common terms are 15, 20 or 30 years.
years
Add property tax, insurance, PMI and HOA to get the full monthly payment.
US average is about 1.1% of home value per year. Switch the unit for a fixed amount.
Annual homeowners or buildings insurance premium.
Private mortgage insurance, usually 0.3-1.5% of the loan per year when your down payment is under 20%. It is dropped automatically here once you reach 20% equity.
Monthly homeowners association or condo fee, if any.
An additional amount applied to principal every month. See how many years it shaves off.
Currency
Monthly payment (full)
$2,330.36
Principal & interest$1,820.36
Property tax (monthly)$360.00
Home insurance (monthly)$150.00
PMI (monthly)$0.00
HOA (monthly)$0.00
Loan amount$288,000
Down payment$72,000
Total interest$367,328
Total of payments (P&I)$655,328
Total out-of-pocket$910,928

About 2,330 per month all in, 1,820 of it principal and interest.

  • Your full payment is about 2,330/month once tax, insurance, PMI and HOA are added to the 1,820 principal and interest.
  • Over 30 years you repay about 128% of the loan again in interest, roughly 367,328.
  • Even a small extra monthly payment toward principal can cut years and thousands of interest off the loan.

Next stepAdd an extra monthly payment, or switch the currency above to view the same loan in another currency.

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