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Mortgage Calculator

Calculate monthly mortgage payments, view amortization schedules, and compare principal vs interest. Includes taxes and insurance estimates.

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Mortgage Details

%($70,000)

Monthly Payment

Total Monthly Payment

$2,219.79

Principal & Interest

$1,769.79

Property Tax

$350.00

Insurance

$100.00

Total Interest

$357,124.57

Principal vs Interest

Principal: $280,000 (43.9%)
Interest: $357,125 (56.1%)

Amortization Schedule (Yearly)

YearPrincipalInterestBalance
1$3,129.63$18,107.85$276,870.37
2$3,339.23$17,898.26$273,531.14
3$3,562.86$17,674.62$269,968.28
4$3,801.47$17,436.01$266,166.80
5$4,056.07$17,181.42$262,110.74
6$4,327.71$16,909.78$257,783.03
7$4,617.54$16,619.94$253,165.49
8$4,926.79$16,310.70$248,238.70
9$5,256.74$15,980.74$242,981.95
10$5,608.80$15,628.69$237,373.15
11$5,984.43$15,253.06$231,388.72
12$6,385.22$14,852.27$225,003.51
13$6,812.85$14,424.64$218,190.66
14$7,269.12$13,968.37$210,921.54
15$7,755.94$13,481.54$203,165.60
16$8,275.37$12,962.11$194,890.22
17$8,829.59$12,407.89$186,060.63
18$9,420.92$11,816.56$176,639.71
19$10,051.86$11,185.62$166,587.84
20$10,725.05$10,512.43$155,862.79
21$11,443.33$9,794.16$144,419.46
22$12,209.71$9,027.77$132,209.75
23$13,027.42$8,210.07$119,182.33
24$13,899.89$7,337.60$105,282.44
25$14,830.79$6,406.70$90,451.65
26$15,824.04$5,413.45$74,627.62
27$16,883.80$4,353.69$57,743.82
28$18,014.54$3,222.95$39,729.28
29$19,221.01$2,016.48$20,508.27
30$20,508.27$729.21$0.00
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How to Use Mortgage Calculator

  1. 1

    Enter home price

    Enter the purchase price of the home you're considering.

  2. 2

    Set down payment

    Enter your down payment as a percentage of the home price.

  3. 3

    Choose loan term

    Select a 15, 20, or 30-year mortgage term.

  4. 4

    Enter interest rate

    Enter the annual mortgage interest rate.

  5. 5

    Review results

    See your monthly payment breakdown, total interest, pie chart, and full amortization schedule.

Frequently Asked Questions

A typical mortgage payment includes principal (loan repayment), interest, property taxes, and homeowners insurance — often called PITI. This calculator breaks down each component.

A shorter term (like 15 years) means higher monthly payments but significantly less total interest paid. A 30-year term has lower monthly payments but you pay more interest over the life of the loan.

An amortization schedule shows how each payment is split between principal and interest over the life of the loan. Early payments are mostly interest, while later payments are mostly principal.

A 20% down payment avoids private mortgage insurance (PMI) and gives better rates. However, many loans accept 3-10% down. Use this calculator to compare different down payment scenarios.