Calculate your monthly mortgage payment, total interest paid, and full amortization schedule.
Input the home price, down payment, annual interest rate, and loan term. Optionally add property tax and insurance for total monthly costs.
Click Calculate to see your monthly payment, total interest paid, and the full cost of the loan.
Expand the amortization schedule to see how each year's payments are split between principal and interest.
The core payment covers principal and interest. With property tax and insurance added, this becomes your PITI (Principal, Interest, Tax, Insurance) — the true monthly housing cost.
A 15-year mortgage has higher monthly payments but saves significantly on total interest. A 30-year mortgage has lower payments but you pay more interest over time. Use this calculator to compare both.
No. PMI (Private Mortgage Insurance) applies when your down payment is less than 20%. Add it manually to your monthly estimate if needed — typically 0.5-1.5% of the loan amount per year.