Mortgage

See principal, interest, taxes, and insurance as one monthly number before you shop.

Mortgage Calculator

Calculate monthly payments, total costs, and payment schedules for home loans.

BASIC

mortgagehome loanreal estatemonthly payment

Calculator Inputs

Loan Details

Enter the basic mortgage information

Home Price*

Total purchase price of the home

Down Payment

$80,000

Interest Rate*

Annual percentage rate (APR)

Loan Term

Length of the mortgage

Additional Housing Costs

Include property tax, insurance, and other fees for total monthly payment

Include additional housing costs in calculations

$320,000

Loan Amount

80.0%

Loan-to-Value

360

Total Payments

0.542%

Monthly Rate

Principal & Interest Breakdown

Enable "Include additional housing costs" to see payment breakdown

Loan Balance Over Time

Annual Payment Composition

Results

Monthly Payment (P&I)

$2,023

Principal and interest only

Loan Amount$320,000

80.0% LTV

Total Interest$408,142

Over 30 years

Total Cost$728,142

Principal + total interest

Insights & Recommendations

High Loan-to-Value Ratio

Your LTV is 80.0%. Consider a larger down payment to avoid PMI and reduce monthly costs.

Interest Exceeds Principal

You'll pay $408,142 in interest over the loan term. Consider making extra payments to reduce this cost.

Long-Term Loan

A 30-year mortgage means lower monthly payments but more total interest. Consider a 15-year loan if you can afford higher payments.

Loading calculator...