Mortgage Calculator
Calculate your monthly mortgage payment, total interest, and view a full amortization schedule. Compare different loan terms and interest rates.
Inputs
$
Typical: $150K–$750K
$
Typical: 10–20% of home price
%
Typical: 5.5–7.5% (2024–2025)
years
Summary
Monthly P&I Payment
$1,769.79
Total Monthly Payment$2,219.79
Loan Amount$280,000
Total of All Payments$637,124.57
Total Interest Paid$357,124.57
Yearly Principal vs Interest
Amortization Schedule
360 rows| Month | Payment | Principal | Interest | Balance |
|---|---|---|---|---|
| 1 | $1,769.79 | $253.12 | $1,516.67 | $279,746.88 |
| 2 | $1,769.79 | $254.49 | $1,515.3 | $279,492.38 |
| 3 | $1,769.79 | $255.87 | $1,513.92 | $279,236.51 |
| 4 | $1,769.79 | $257.26 | $1,512.53 | $278,979.25 |
| 5 | $1,769.79 | $258.65 | $1,511.14 | $278,720.6 |
| 6 | $1,769.79 | $260.05 | $1,509.74 | $278,460.54 |
| 7 | $1,769.79 | $261.46 | $1,508.33 | $278,199.08 |
| 8 | $1,769.79 | $262.88 | $1,506.91 | $277,936.2 |
| 9 | $1,769.79 | $264.3 | $1,505.49 | $277,671.9 |
| 10 | $1,769.79 | $265.73 | $1,504.06 | $277,406.16 |
| 11 | $1,769.79 | $267.17 | $1,502.62 | $277,138.99 |
| 12 | $1,769.79 | $268.62 | $1,501.17 | $276,870.37 |
How to Use This Calculator
- Enter the total home purchase price in the Loan Amount field.
- Set your Down Payment amount (typically 10-20% of the home price).
- Enter the annual Interest Rate from your lender.
- Select the Loan Term (15 or 30 years are most common).
- Optionally adjust Property Tax and Insurance for a full monthly cost estimate.
- Review your Monthly Payment and the amortization chart showing principal vs interest over time.
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