Mortgage Calculator
Calculate your monthly mortgage payment, total interest, and view a full amortization schedule. Compare different loan terms and interest rates.
Financial Disclaimer
This calculator is for educational purposes only and does not constitute financial advice. Results are estimates based on the inputs provided. Consult a qualified financial advisor before making investment or financial planning decisions.
Inputs
Typical: $150K–$750K
Typical: 10–20% of home price
Typical: 5.5–7.5% (2024–2025)
Summary
Monthly P&I Payment
$1,769.79
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 | $1,515.30 | $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 | $278,720.60 |
| 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 | $277,936.20 |
| 9 | $1,769.79 | $264.30 | $1,505.49 | $277,671.90 |
| 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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