Mortgage Calculator
Calculate your estimated monthly mortgage payment, total interest, and full amortization schedule.
Mortgage Calculator
Calculation History
$ home @ %
Monthly
Mortgage Comparison
Monthly P&I
Total Interest
Mortgage Details
⚠️ Less than 20% down - PMI required
PMI is typically required when down payment is less than 20%
💰 By paying extra per month:
- ✓ Save in interest
- ✓ Pay off months ( years) earlier
- ✓ New payoff: months
✓ Good! ⚠️ Caution! ❌ Warning! DTI Ratio: %
Your payment is within recommended limits (≤36%) Payment is high but may be acceptable (36-43%) Payment exceeds recommended limits (>43%). Consider lower price or larger down payment.
Monthly Payment Breakdown
Total Monthly Payment
Principal & Interest
Property Tax
Home Insurance
PMI
HOA Fees
Loan Summary
Loan Amount
Total Interest
Total Cost
Payoff Visualization
Payment Breakdown Over Time
💡 Early payments are mostly interest. Over time, more goes toward principal.
Amortization Schedule
| Period | Principal | Interest | Balance |
|---|---|---|---|
Understanding Your Mortgage
Principal & Interest: The main mortgage payment that goes toward the loan amount and interest charges.
Property Tax: Annual tax paid to local government, typically included in monthly mortgage payment (escrowed).
Home Insurance: Protects your home from damage, required by lenders, often included in monthly payment.
PMI: Private Mortgage Insurance required when down payment is less than 20% of home price.
HOA Fees: Homeowners Association fees for maintenance of common areas (if applicable).
DTI Ratio: Debt-to-Income ratio. Lenders typically prefer DTI below 36%, max 43%.
Extra Payments: Additional payments toward principal can save thousands in interest and shorten the loan term.
💡 Keyboard Shortcuts: Ctrl+C (Copy), Ctrl+E (Export PDF), Ctrl+H (History), Ctrl+R (Reset)
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