Complete Mortgage Calculator
Comprehensive mortgage and home buying calculator. Calculate monthly payment, affordability, closing costs, PMI, and compare 15 vs 30-year terms. Includes rent vs buy analysis, refinance calculator, and amortization schedule.
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
Purchase price of the home
Down payment as percentage of home price (< 20% requires PMI)
Annual mortgage interest rate
Additional principal payment each month
Summary
Total Monthly Payment
$2,427.62
Principal vs Interest by Year
Monthly Payment Breakdown
15 vs 30 Year Comparison
Amortization Schedule
360 rows| Month | Payment | Principal | Interest | Balance |
|---|---|---|---|---|
| 1 | $2,022.62 | $289.28 | $1,733.33 | $319,710.72 |
| 2 | $2,022.62 | $290.85 | $1,731.77 | $319,419.86 |
| 3 | $2,022.62 | $292.43 | $1,730.19 | $319,127.44 |
| 4 | $2,022.62 | $294.01 | $1,728.61 | $318,833.43 |
| 5 | $2,022.62 | $295.60 | $1,727.01 | $318,537.82 |
| 6 | $2,022.62 | $297.20 | $1,725.41 | $318,240.62 |
| 7 | $2,022.62 | $298.81 | $1,723.80 | $317,941.80 |
| 8 | $2,022.62 | $300.43 | $1,722.18 | $317,641.37 |
| 9 | $2,022.62 | $302.06 | $1,720.56 | $317,339.31 |
| 10 | $2,022.62 | $303.70 | $1,718.92 | $317,035.62 |
| 11 | $2,022.62 | $305.34 | $1,717.28 | $316,730.27 |
| 12 | $2,022.62 | $307.00 | $1,715.62 | $316,423.28 |
How to Use This Calculator
- Select the calculation mode: monthly payment, affordability, refinance analysis, or rent vs. buy.
- Enter the home price and your down payment percentage.
- Set the interest rate, loan term, and select your state for property tax estimates.
- Add any extra monthly payment to see how it accelerates payoff.
- Review the monthly payment breakdown, total interest, and amortization summary.
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Compare your current loan to a refinanced loan. See monthly savings, total interest savings, and break-even point.
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Calculate how much you need for a down payment and how long it will take to save. See how different down payment percentages affect your loan.