Mortgage Calculator
Estimate your monthly payment, total interest, and payoff date. Results update instantly as you type.
Loan details
All fields update your results immediately.
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Editable — adjusts your down payment automatically.
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Monthly Payment
$1,529
Principal, interest, taxes & insurance
Loan Amount
$240,000
Total Interest
$0
Total Cost
$0
Payoff Date
—
Principal & Interest$0
Monthly Tax$0
Insurance$0
HOA + PMI$0
Quick insights
Over the life of this loan, interest adds up to 0% of the loan amount.
| Date | Payment | Principal | Interest | Balance |
|---|
How it's calculated
// Monthly principal & interest payment
M = P × [ r(1+r)n ] / [ (1+r)n − 1 ]
// P = loan amount, r = monthly interest rate, n = number of payments
M = P × [ r(1+r)n ] / [ (1+r)n − 1 ]
// P = loan amount, r = monthly interest rate, n = number of payments
Home Price
$300,000Down Payment
$60,000 (20%)Interest Rate
6.50%Term
30 yearsFrequently asked questions
Principal and interest, plus property tax, homeowners insurance, HOA dues, and PMI if you've entered them.
Extra payments go straight to your principal balance, so less interest accrues each month and the loan is paid off faster.
Typically only if your down payment is below 20% of the home price. Enter your lender's quoted PMI amount above to include it.
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